KEY TRENDS   • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...

-Foundation for Agrarian Studies In December 2020, in line with the Central Farm Laws, the Government of Karnataka passed an amendment to the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966. This amendment reduced the scope of the Agricultural Produce Marketing Committees (APMC) by effectively ending their status as the only place (with some exceptions) where wholesale agricultural trade was permitted by law. Despite the three Central Farm Laws being...

-DailyPioneer.com Food grain traders protest against tax hike Ranchi: Different trade bodies associated with Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) on Wednesday staged a symbolic protest against the agriculture marketing tax imposed by the State government. The trade organizations associated with fruits, vegetables, food grains, rice mills, retail traders and others participated in the protest. The trade bodies questioned the imposition of new agriculture tax in the State (Jharkhand) where...

-The Tribune A major hurdle to increasing exports is the decades-long neglect of export market infrastructure, which doesn’t meet the importing countries’ standards in terms of quality, quantity and other attributes such as food safety norms. India lacks an export-oriented strategy for agricultural commodities to establish itself as a regular supplier to international markets due to ad hoc measures such as a ban on exports or increase in tariffs off and...

-TheLeaflet.in Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India’s GDP and export story....