A recent press release from the Ministry of Agriculture shows that the area affected by recent rains and hailstorms is estimated to be 189.81 lakh hectares (on 24 April 2015), which is nearly double the total area affected that was earlier estimated on 16 April 2015. (See the link below). Experts argue that such extreme weather events may severely damage food economy of the nation, apart from breaking the spirit...
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Prof. abhijit sen, former Member of Planning Commission, speaks to Latha Venkatesh & Sonia Shenoy
-MoneyControl.com The MET department has forecasted presence of El Nino for the second year in a row, only this time it is expected to be much stronger. Simultaneously the agriculture ministry has also submitted a report on unseasonal rains that impacted the Rabi crops last fiscal. Will the agri community face the curse of weather gods once again? abhijit sen, professor of economics at JNU, says a depressed rural income is...
More »Land acquisition: First, sow the seeds of security among farmers -Abhijit Banerjee
-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...
More »Some Finance Commission suggestions will have "serious effects", says abhijit sen in dissent note
-FirstPost.com abhijit sen, part-time member of the Planning commission, has openly criticised some of the recommendations of the 14th Finance Commission, particularly with respect to the ones on sharing of taxes to state governments. The dissent note was carried in the report of the commission tabled in Parliament on Tuesday. "The recommendations regarding devolution and revenue deficit grants are bound to disrupt existing plan transfers, with likely very serious effects in the...
More »Finance panel report not unanimous -Puja Mehra
-The Hindu The 14th Finance Commission, chaired by former Reserve Bank Governor Y.V. Reddy, has not submitted a unanimous report. abhijit sen, commission member, gave a dissent note to the report. The Modi government has not yet announced its decision on the report submitted to President Pranab Mukherjee's office in mid-December. Union Finance Minister Arun Jaitley did not table it in Parliament during the Winter Session. Mr. Jaitley is expected to present...
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