-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 State Elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...
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EC to house panel: State funding won?t help, need radical changes to monitor poll expenditure -Anand Mishra
-The Indian Express Both the EC and the Law Ministry have been asked to furnish their written replies at the next meeting. New Delhi: AMID THE demands for state funding of elections, the Election Commission (EC) has categorically told a parliamentary panel that it is “not in favour” of the move. It has, instead, called for “radical changes” in the “provisions regarding receipt of funds” and expenditure by political parties to...
More »Economy growing at 7%, jobs at 1% -Subodh Varma
-The Times of India While the economy is growing at just over 7% per year, jobs increased by just 1.1% last year, according to a recently-released report covering eight key sectors of the non-farm economy. An earlier report had pegged joblessness at a fiveyear high of 5% in 2015, and under-employment at a staggering 35% of the over-15 years labour force. Seen in this context, the government is facing a growing employment...
More »Mission 2022: The Challenges of Doubling Indian Farmer Incomes in Five Years -Vishavjeet Chaudhary and Gursharan Singh
-TheWire.in Raising productivity, reforming land policies and solving the remunerative price mess will require massive amounts of public investment and political will. Is the Modi government up to the task? The Niti Aayog recently came out with its ‘Three Year Action Agenda’ – a plan that covers a time period that is politically crucial as it leads up to the 2019 Lok Sabha elections. In its chapter on agriculture titled ‘Agriculture: Doubling Farmer’s...
More »We should tax agriculture. But how? -Madan Sabnavis
-The Hindu Business Line While the idea is reasonable, the issue is so political that it will automatically ring in negative points for the implementer The subject of taxation on farm income has once again taken centre stage not just because there have been some distinguished opinions voiced on this subject but also that this has been recognised as one area where money is channelled to avoid paying taxes. As the focus...
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