-TheWire.in The Swaminathan Commission was clear in its recommendations, and the rationale offered by the NITI Aayog to rule out the use of comprehensive cost is dubious at best. Finance minister Arun Jaitley had announced in Budget 2018-19 that his “government has decided to keep MSP [minimum support price] for the all unannounced crops of kharif at least at one and half times of their production cost”. This announcement set off a flurry...
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Budget steps may not lift rural consumption soon -Ratna Bhushan & Sagar Malviya
-The Economic Times NEW DELHI | MUMBAI: The government's spending in the budget aimed at bolstering rural development and providing higher income for farmers has not increased significantly and it may take at least two quarters to drive growth in the hinterland, consumer goods companies said. More than a third of daily-use branded products are sold in the rural areas, home to about 800 million people, whose purchasing behaviour depends on farm...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense...
More »Union Budget 2018-19: An exercise in jugglery of numbers, say civil society groups
-Press Release by National Alliance of People's Movements (NAPM) New Delhi: Calling this year’s union budget ‘just an exercise in manipulation of numbers,’ veteran activist Medha Patkar asked, “When the major decisions like the demonetisation and GST are taken between two budgets then what’s the relevance of the Budget?,” at a panel discussion on the analysis of this year’s union budget with a special focus on Handloom, Fisheries, Dalits, Adivasis, Forest,...
More »Budget 2018: It is by the privileged for the privileged -Aruna Roy
-The Financial Express Budget 2018: The government claims that this is the Budget for a “new India”.However, this vision excludes rural workers, small & marginal farmers and the unorganised sector. Many claims are being made about the farm sector. The fact is even the “optics” only partially meet these. The substance of this Budget shows how little it caters to farmers, and the economically & politically marginalised. The demand of farmers agitating...
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