The report stated the 2013 land Act was a step forward.
US interest rate normalisation policy is likely to keep global FX markets volatile.
The formula for success of farm economy is very simple -- farmers should be able to produce more from the same piece of land at reduced cost while minimising risk and be connected to market to get higher realisation for their produce, points out Siraj Chaudhry.
The experience of direct cash transfer under PM-Kisan will be useful in designing a larger scheme of DBT for farmers combining all subsidies and support for the agriculture sector in the future, say Ramesh Chand & SK Srivastava.
While the latter is being viewed as a greater concern, the former may gain prominence in the next few weeks.
One of the most pronounced features of people who shrilly demand change is that unless it comes in precisely the way they want it, they either say there has been no change, or that it is the wrong change. The Modi government, which is being accused of both things, provides an excellent and latest example of this.
The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of pulses, oilseeds and cereals were hiked substantially. Among the commercial crops, the MSP of cotton was increased by Rs 211 per quintal to Rs 5,726 for medium staple variety, and by Rs 200 per quintal to Rs 6,025 for long-staple variety of cotton for the 2021-22 crop year (July-June). The decision taken by the Cabinet headed by Prime Minister Narendra Modi will help farmers take a call on which kharif (summer) crop to grow as sowing picks with the spread of the Southwest monsoon in the coming weeks.
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
The Delhi metropolitan area has one of the highest concentrations of population in the world, and suffocating the people of the area on an annual basis should be treated as a crime against humanity, especially when the cause for such suffocation can be controlled, says Arvind Kumar.
'Success will require political skill, not just economic expertise'
A day before the eighth round of talks, the government and the farmer unions stuck to their respective positions on Thursday -- the agitating farmers took out tractor rallies to press their demand for rollback of new agri laws and the Centre asserted it is ready to consider any proposal other than their repeal.
Water shortage is likely to lead to political tensions and instability in the future, warns Simon George, President, Cargill India.
Developed nations want the WTO to discuss new issues.
By official estimates, the country has a surplus of 300,000 tonnes of milk powder, which has led to dairies and other bulk buyers cutting liquid milk purchase thus affecting its price.
Road projects alone worth $10 billion face delays over land disputes and other clearances.
Prime Minister Narendra Modi has managed to pull off what was unimaginable a year back -- adopting a much-needed centre-left approach, says Devanik Saha.
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
When asked about the possibility of talks getting extended for another day, World Trade Organization spokesperson Keith Rockwell said: "The concept of time is flexible in WTO."
Modi sarkar will have to undertake reforms to prove its mettle.
But the measures, particularly in agriculture, may not be enough to revive the sector and double the farm income, says S Mahendra Dev.
To justify that farmers must burn if they are not paid cash incentive is doing injustice to them and to the lungs of the children of the country, notes Sunita Narain.
'What is proposed is that we tax payers pay Rs 1,000 per month to selected JanDhan accounts of poor families.' 'I am sure there are at least 10 crore Indians for whom Rs 1,000 is no big deal.'
The study paper by Melbourne-based think-tank Australia India Institute titled 'The G20: Challenges and opportunities Ahead', said following Prime Minister Narendra Modi's visit to the US and his talks with US President Barack Obama, India may finally sign the agreement.
The Congress leader said a 'storm' was brewing on the economic front that will cause damage and hurt many.
To bring in transparency and curb corruption, the government has put in place a Public Services Guarantee system in the state.
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The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
Slight recovery in growth is expected only in July-September.
Sitharaman said that developed countries were blaming India for the impasse at the WTO, but India convinced them about its legitimate demand.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
Some experts had said the Budget did not have much in terms of big ideas.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
The government should frame new policies to assure growth.
'India has an advantage because we produce more cotton and we have more workforce.'
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
India will raise its import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion, the food minister said on Monday.
