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36-Hour Outage Paralyses Chandigarh, Water Supply Disrupted, Hospitals Hit -Mohammad Ghazali

-NDTV.com The electricity workers are protesting against the privatisation of the electricity department. Chandigarh: Large parts of Chandigarh have been left without electricity and water for over 36 hours after a major power outage following a three-day strike by electricity department workers. Thousands of homes have been without power and water supply since Monday evening and traffic lights are not working in many areas in the city. Government hospitals have rescheduled surgeries. The Chandigarh...

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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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India must reform its seed sector before RCEP takes effect -Indra Shekhar Singh & Prabhakar Rao

-The Hindu Business Line The RCEP agreement, if implemented, will allow other countries to dump excess seeds in the Indian market. The current 100% FDI policy also threatens seed sovereignty With a confirmed Brexit, the days of liberal globalisation are numbered. Open borders, FTAs and multilateral agreements find no takers in the White House either. Leaders Boris Johnson and Donald Trump have heralded a clear and blunt message of tariffs, conservative economics...

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Solar pump scheme needs serious relook -Chandra Bhushan

-The Financial Express The Ministry of New and Renewable Energy (MNRE) recently rolled out a massive solar-pump programme called the PM-KUSUM scheme. The scheme has a target to set up 25,750 megawatts (MW) solar capacity by 2022 to power irrigation pumps, with central financial support of Rs 34,422 crore. It includes installation of 1.75 million off-grid and 1 million on-grid solar pumps as well as 10,000 MW of solar capacity in rural...

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Issues in power subsidy and farm distress -Shripad Dharmadhikary, Sreekumar Nhalur & Ashwini Dabadge

-The Hindu Business Line Farmers are wrongly blamed for high power consumption. They need incentives for growing appropriate crops Agitations and loan waivers have brought the economics of agriculture in focus. Much of the discussion is about minimum support price, farmers’ net incomes and debt repayment capacities. However, the inputs side of the issue, especially the role and sustainability of subsidised inputs, also need equal attention if agriculture distress is to be...

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