-Down to Earth Mounting expenses, under-provisioning of Food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting Food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of Food subsidy expenses in successive union budgets — has forced FCI to take loans to finance its operations. FCI is the central agency that manages procurement, storage...
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Ensure no trading takes place below MSP -Devinder Sharma
-The Tribune With APMC markets heading towards a collapse, the new set of reforms is aimed at encouraging corporatisation, with big business moving into agriculture, storage and marketing. As the experience of US/Europe shows, when unregulated markets become dominant, small farmers are the first to be pushed out of agriculture. Reiterating what former US Agriculture Secretary Earl Butz (during Ronald Reagan’s rule) had declared: “Get big or get out,” Sonny Perdue, US...
More »Nutrition should not be forgotten in the face of pandemic -Rahat Tasneem
-Centre for Budget and Governance Accountability Despite considerable progress made over the decade, India still carries the burden of undernutrition with 38.4, 21, and 35.8 per cent of children under five facing stunting, wasting, and underweight respectively, more than 50 per cent of children and women being anaemic, and 31.5 per cent of women having less than normal body mass index (BMI). Interventions by the government to combat undernutrition are covered under...
More »Experience with GST holds valuable lessons for One Nation One Ration Card -Varad Pande & Subhashish Bhadra
-The Indian Express If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions. The economic crisis precipitated by COVID-19 has focussed the country’s attention on inter-state migrants. Millions of Indians in this diverse, complex group have crossed state borders in search of better economic opportunities. The crisis, however, has highlighted their...
More »From Plate to Plough: Growth and the farmer -Ashok Gulati
-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in food policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
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