-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
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Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »MSP -- Unfair to farmers in food bowl states -Manjit S Kang
-The Tribune The input costs of only chosen farmers are considered to decide the MSP. This is unfair to the farmers of the 'Granary of India' as their input costs are much higher than those of farmers from the rest of the country. In the Indian system, farmers are the only 'businessmen' who cannot set their own price for their products —foodgrains. Even a 'rehrhi-wala' sets his own price daily for whatever...
More »Farm support prices come with hidden costs -Ashima Goyal
-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
More »Charge farmers for water, remove sops on water-guzzling crops: report -Sanjeeb Mukherjee
-Business Standard Nabard-Icrier study calls for moving high-water reliant crops like sugarcane in Maharashtra, rice in Punjab to other areas; Gadkari says not possible. With India staring at a looming water crisis, a new study on ‘water productivity mapping of major crops’ has called for putting a price on water used for irrigation to at least recover operating and maintenance costs of structures like canals. It has also called for an end...
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