-The Indian Express Out of the 11 announcements, three concern governance and administrative reforms, including amendment of the Essential Commodities Act (ECA), 1955, and agriculture marketing reforms through a Central law. New Delhi: Union Finance Minister Nirmala Sitharaman Friday announced 11 measures for the agriculture sector as part of the third trench of the government’s Rs 20 lakh crore Covid-19 relief package. However, most of these measures are either in place already...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »It’s time to give IRS officers their due -TCA Ramanujam
-The Hindu Despite being specialists, they are relegated to the margins The Central Board of Direct Taxation (CBDT), a wing of the Ministry of Finance, has initiated disciplinary proceedings against some Indian Revenue Service (IRS) officers for a report they submitted to the government recently. The officers are not corrupt, nor did they abuse any Minister or any functionary of the government. So, what was their crime? A group of 50 IRS officers...
More »Government outlays plan for credit boost to agriculture sector -Shayan Ghosh
-Livemint.com As announced by finance minister Nirmala Sitharaman, 25 million farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for farm loan refinance. As announced by finance minister Nirmala Sitharaman, 25 million farmers...
More »Provide income support, restore jobs -R Nagaraj and Radhicka Kapoor
-The Hindu On the contrary, scrapping labour laws will only reduce wages, lower earnings and reduce consumer demand Following the adage, “never waste a crisis”, the government of Uttar Pradesh, last week, introduced an ordinance that has scrapped most labour laws for three years — ostensibly for creating jobs and for attracting factories exiting China following the outbreak of the novel coronavirus. These laws deal with the occupational safety, health and working...
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