While many experts said the suggestion would go a long way in bringing down the annual food subsidy expenditure, they doubt the feasibility of the idea.
'Our discussions with investors and the market's multiples suggest that Prime Minister Narendra Modi winning 2019 is being priced in,' says a UBS report.
Regardless of how the stalemate ends, the government needs to learn that regardless of its parliamentary strength it cannot take people for granted. A little bit of humility would do it a lot of good, recommends Virendra Kapoor.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Kumar also questioned the prime minister on various promises made by his government including return of black money, enhanced MSP to farmers and special status to Bihar among others.
'As of now, it is hard to see how the stalemate can be broken.' 'For the Sikh Jat farmers who constitute the core of the protest are a simple-minded but stubborn lot. 'They are unlikely to call off the stir unless provided a sense of 'victory'.' 'Give them a reason to boast that they brought the government to its knees and they will start singing hallelujahs to the Modi government,' argues Virendra Kapoor.
The government and the farmers must come back to the negotiating table with only the interest of the country in mind, suggests Vivek Gumaste.
'The policy is to consolidate farming into the hands of a few and to take away the food security of the country.' 'Once food is in the hands of 15 chosen corporate houses, you will get food, but at a price that they determine.'
There had been few signs of social distancing as thousands of farmers from Punjab and Haryana began their protest last week against the three new agro-marketing laws, setting off on a march to the national capital.
Rajya Sabha took up the discussion on The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill that have already been passed by Lok Sabha.
In total, the Centre plans to purchase around 40.7 million tonnes of wheat from farmers this year, which is almost 19 per cent more than last year.
Clashes broke out at multiple places and Delhi's borders resembled a virtual battle zone with restless crowds of farmers, mostly from Punjab and Haryana, milling around and a sea of police personnel keeping them at bay.
Not all change is good, but this one is, applauds Shekhar Gupta.
Farmer leader Joginder Singh Ugrahan said told reporters after the meeting that the unions urged the government to repeal the three laws, but the Centre was unwilling to do so. "We decided to meet again on January 19 at 12 pm," he said.
'This government is so fond of some corporate friends that they can always amend existing laws or make new laws.'
With the PMO itself spearheading a re-evaluation, the Director General of Defence Accounts has been asked to justify its earlier contention that the 'slab based' system would benefit a larger number of disabled veterans -- something the army flatly denies, reports Ajai Shukla.
Sources said much has been done to ease the tax burden of the middle classes in the last five years, and that such a measure affects only a limited segment of people when the focus should be to put money in rural areas. Archis Mohan reports.
'Crony capitalism will gain due to these Acts.'
Much of the rural recovery story is based on the premise of agriculture doing well. Even if it clocks a growth of 2.5-3 per cent this year, it is still just around 15 per cent of the overall GDP. The non-farm sector, which constitutes a bigger portion of the overall rural economy, is now hampered by disruptions and lockdowns.
Farmer leaders said the government sought more time for internal consultations to present a final proposal in the next meeting to resolve the issue.
Once a Congress-led government is formed at the Centre, the farm laws will be revoked and dumped into the 'dustbin', he said, addressing a gathering in the evening here on the conclusion of his 'Kheti Bachao Yatra' (save the farming march), which began from Punjab's Moga district on Sunday.
Farmer leader Darshan Pal accused the Centre of dividing farmer organisations, but it will not happen.
After being cornered by Patanjali and macro-headwinds, ayurveda major Dabur is pulling up its socks. With better sales and improved margins, the firm is now looking to leverage the renewed popularity of ayurveda, mostly ignited by rival Patanjali. Sunil Duggal, bottom, left, chief executive officer, Dabur India, shares his plans and insights with Arnab Dutta.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
It is time he stood up and assured the middle class that they can count on him as one of their own, says Dr Sudhir Bisht.
He also assured further steps to mitigate farmers suffering after making a full assessment of the poor monsoon rains.
Farmer interest groups predict that unless the government corrects its agricultural pricing and procurement policy, it will face a political blowback.
'If I don't fulfil promises made in it, I can be sent to jail,' he said.
Reading out a reply to the government's talks offer during a press conference, farmers leaders said that they are ready for dialogue with an open mind if they get a concrete proposal, but made it clear they will not accept anything less than a complete repeal of the three agriculture laws and legal guarantee for minimum support price (MSP).
While the progress of the monsoon has brightened the prospects of foodgrain production, the fall in sown area is a matter of concern, Agriculture Minister Sharad Pawar tells Sanjay Jog.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
The farmer representatives were unanimous in seeking repeal of the 3 laws.
'Your strike rate is very important when it comes to seat-sharing.'
Apart from the appointment of Lokpal at the national level and Lokayukta in states, Hazare has been demanding implementation of the Swaminathan Commission recommendations and some electoral reforms.
Check out some of the stocks that will react on the basis of their numbers in the near term.
Opposition parties on Thursday launched a vociferous attack on the Centre over its handling of the farmers' agitation, callings its dialogues with the protestors 'monologues', even as the ruling Bharatiya Janata Party defended the new laws asserting that its government is committed to the welfare of peasants and increase their incomes.
The MSP tender, considered as one of the largest information technology outsourcing contracts floated in India, is estimated to be in excess of Rs 1,000 (Rs 10 billion) crore for the 7-10-year lifespan of the project.
Prices of broiler chicken had hit the record high in June on supply shortage following the government's decision to cull thousands of birds in the states with Avian Influenza outbreaks.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
The project is scheduled to be completed by March 2019, while work is expected to start by this financial year.
