-Newsclick.in The Rs 3 lakh crore credit guarantee scheme for micro, small and medium enterprises is unclear, contradictory and practically difficult to implement. The scheme may create more problems than it solves. On May 12, in his televised address to the nation, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan or the “campaign to make India self-reliant,” comprising what was claimed to be a Rs 20 lakh crore package to...
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Explained: How Changes in Agri-Produce Trade Laws Will Turn Hunger into Profit-Making Business -Subodh Varma
-Newsclick.in And yet, it is being tom-tommed as ‘freedom’ for farmers and ‘self-reliance’ for country! Silently, and in double quick time, changes in laws related to cultivation, sale, stocking and pricing of agricultural produce – food grain, vegetables, etc. – have been proposed and disposed by the Narendra Modi government. Three ordinances relating to these key dimensions were given Presidential assent late on June 5 night, and they came into force “at...
More »Economy’s Clear Signal: Boost Demand, Not Loans -Montu Bose and Sibin Kartik Tiwari
-Newsclick.in The poor need food and money, not more loans. Only demand-side interventions will revive the economy. The Covid-19 pandemic is an unprecedented crisis that almost all countries are struggling to cope with. Like the rest of the world, India is fighting the spread of the disease and its adverse consequences on the health system and its Finances. On the economic front, India was already facing a prolonged slowing down. Even before...
More »The long wait of Indian farmers for a better remuneration deal -Himanshu
-Livemint.com The ongoing reforms won’t help if they remain deprived of market access and suffer low demand Earlier this week, as part of the package for Aatmanirbhar Bharat, the Cabinet approved the proposals for agricultural marketing reforms announced in May by Finance minister Nirmala Sitharaman. The government has approved the The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020, along with amendments to the Essential Commodities Act. It has also...
More »26 lakh migrant workers in halfway houses, says official data -Priscilla Jebaraj
-The Hindu This is an extreme underestimation, going by the other assessments made by Central and State governments, including Finance Minister Nirmala Sitharaman’s estimate of 8 crore stranded migrants. The Chief Labour Commissioner’s (CLC) office has counted over 26 lakh migrant workers stranded across the country, of which 10% are in relief camps or shelter homes, while 43% are in situ at workplaces and 46% are in other clusters. This is an extreme...
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