-IndiaSpend.com To fight hunger and distress due to the pandemic, India must universalise foodgrain distribution, expand the food basket in its rations scheme and provide cash transfers, activist Anjali Bhardwaj tells us in this interview Bengaluru: The pandemic-induced lockdowns have had a profound impact on livelihoods, affecting poor Indians' food intake, studies show. In October 2020, more than half the respondents of a Hunger Survey said their rice/wheat consumption had declined during...
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It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »WTO review backs Centre move to cut farm subsidies
-The Tribune Review skeptical about programmes such as ‘Make-in-India’ and ‘Self-Reliant India’ New Delhi: The World Trade Organisation’s review of India’s trade policies has expressed concern about the high level of government intervention in the agriculture sector. Members recognised the importance of the sector in supporting livelihoods and food security. At the same time, they urged India to reform its agricultural policies as they continue to be based on “significant levels” of domestic and...
More »WTO urges India to reduce tariffs -Asit Ranjan Mishra
-Livemint.com * Frequent policy changes create uncertainty, says report * India’s agri tariff rose from 36.4% in FY15 to 36.5% in FY21, while non-agricultural tariff rose from 9.5% to 11.1% India’s average tariff increased to 14.3% in FY21 from 13% in FY15 with the country’s policymakers frequently using trade policy measures to encourage domestic production and curb inflation, the World Trade Organization (WTO) said in its latest Trade Policy Review for Asia’s third-largest...
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