-TheWire.in The need of the hour is to set up a farmer pay commission, which can fix a minimum assured income of a farmer household. About halfway during the budget speech – while announcing the government’s plans for dealing with India’s agrarian crisis – finance minister Arun Jaitley made a rather bizarre statement. Apparently, according to Jaitley, the Modi government has already provided more than 50% margin over cost of production for...

-The Economic Times blog Word has it that World Bank economists use “obviously fabricated” data from time to time. These are not Sitaram Yechury or Medha Patkar’s words, but those of Paul Romer, former chief economist of the World Bank, in a recent email exchange reported by Financial Times. Romer retracted them later, but this “may not end the controversy”, as The Economist mildly put it. This is not the first time...

-The Times of India NEW DELHI: The government's ambitious mega health care programme for 10 crore poor families will roll out by October 2 and is to be funded in a 60:40 proportion by the Centre and states, with the premium per family estimated at Rs 1,000-1,200. Ten crore families or 50 crore beneficiaries, classified as 'deprived' in the socio-economic caste census of 2011, will be covered by the scheme. It will...

-The Indian Express Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub. The Union Budget for 2018-19 has promised to fix minimum support prices (MSP) for crops to guarantee farmers at least 50 per cent returns on production costs. This is quite similar to the original recommendation of the M S Swaminathan-headed...

-The Times of India NEW DELHI: As different states have come out with various schemes to protect farmers from price volatility, the Centre has expressed its willingness to support them all within the existing schemes and may even spend more in 2018-19 to procure agricultural and horticultural commodities at remunerative prices. "We will not reject states' requests. We would like states to procure as much as required to reduce farmers' pain and...