-The Hindu Business Line Trade deficit widens as imports rise; Exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...
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GST one of the most complex, has second highest tax rate: World Bank report -Asit Ranjan Mishra
-Livemint.com GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries...
More »Why crop prices are falling despite higher MSP, stiffer import tariffs -Rajalakshmi Nirmal
-The Hindu Business Line Surge in production of most crops; demand-supply equation driving prices The Centre’s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »How to double farmers income: This step is crucial to achieving target set by PM Modi -Pratap S Birthal & Jaya JuMRani
-The Financial Express By setting the target of doubling farmers’ income by 2022, the prime minister has clearly signalled a transition in agri-food policy from an excessive emphasis on foodgrain production towards improving welfare of the farming community. Given the continued excessive employment pressure, proliferation of small landholdings and growing agrarian crisis, this move is indeed an important change in the policy landscape. Doubling farmers’ income, however, requires identification of high-income...
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