-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...
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Unfair Tax: Mandi tax on grain procurement offers some states a double privilege
-The Economic Times State levies on grain purchase by the Food Corporation of India (FCI) will reportedly push up the Centre's food subsidy bill by Rs 10,000 crore this fiscal year. This is absurd and untenable. High taxes and commissions - 14.5% in Punjab and 10.5% in Haryana - on the minimum support price (MSP) of grain jack up the costs of procurement, drive private trade out of these markets, and set...
More »Increased productivity needed to improve food security–UN report
-The United Nations Higher demand for food due to population growth, urban migration and other factors will require countries to increase their productivity, according to a new report co-authored by the United Nations, which warns that without more supplies, prices will rise significantly. “Higher demand will be met increasingly by supplies that come to market at higher cost. With farmland area expected to expand only slightly in the coming decade, additional production...
More »Mumbai gutkha ban
-The Telegraph The Maharashtra government today cleared a proposal to ban the manufacture, storage, distribution and sale of gutkha and paan masala. The state has become the fourth, after Kerala, Madhya Pradesh and Bihar, to impose such curbs. The decision was taken at a cabinet meeting presided over by chief minister Prithviraj Chavan this evening, sources said. But there was no announcement as the Assembly’s monsoon session is on. It could be done...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
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