-Hindustan Times Sebi and some of the other regulators initially opposed the plan, citing concerns about loss of autonomy, but the government wants to go ahead with its plan, and finalise the transfer before the next budget is presented on February 1, 2020. New Delhi: The government is pushing ahead with its plan, underlined in Union Budget 2019, to transfer 75% of market watchdog Securities and Exchange Board of India’s (Sebi) surplus...
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Indian agriculture is under an invisible emergency -Devinder Sharma
-Down to Earth At a time when farmers strive to get the right price for crops, more money in their hands can help reignite the country's economy In 2019, three weeks after the kharif harvesting season began, reports emerged that farmers are selling their produce at a price way below the minimum support price (MSP) announced by the government. Except for a few crops like paddy and maize, market prices for most...
More »PM Kisan: Tenant farmers, tillers left high and dry -Siraj Hussain
-The Hindu Business Line The PM-Kisan as a tool to prop up sagging rural demand, recording of tenancy to help the real cultivators and streamlining of agricultural subsidies could be three important themes for Indian agriculture in 2020. With the defeat in the Assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh in December 2018, the Government realised that to win rural votes in the General Elections in May 2019, it needed to...
More »Modi govt likely to slash school education budget by Rs 3,000 crore citing funds crunch -Kritika Sharma
-ThePrint.in A sum of Rs 56,536 crore was sanctioned to the school education department in 2019-20, from which the finance ministry is likely to cut Rs 3,000 crore. New Delhi: The Narendra Modi government is likely to cut the school education budget for 2019-20 by Rs 3,000 crore on account of a “funds crunch”, ThePrint has learnt. Highly-placed sources in the Human Resource Development (HRD) Ministry — which oversees education — said...
More »CII suggestion to Revenue Secy: Focus on consumption, investment
-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
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