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What Indian farmers really need: A total overhaul of fundamental economics of agriculture - Sowmya Aji, Economic Times
The mother gives milk only when the child cries. The child is now crying hard,” says Shiv Kumar Sharma, better known as Kakkaji, who shot to national fame as the man leading the farmer protests in Madhya Pradesh.
Battle of the elites - Surjit S Bhalla, Indian Express
The present news trend, and expert opinions, are very confusing. You have a marked improvement in agricultural growth, and you have farmer riots in two large states — Madhya Pradesh and Maharashtra. You have an economy that has been slowing since June 2016, and inflation now at historical lows, and you have economic experts stating that the RBI/MPC decisions have been valid because the wise MPC is looking beyond the “temporary decline” in inflation to 2 per cent brought about by demonetisation.
Sky is the limit for India’s fintech boom - Shivaji Chatterjee, Business Line
That demonetisation has been a watershed event for India’s collective economic consciousness is now old hat. In more ways than one, it was India’s financial digital awakening. But it was not as much about the cash (or the lack of it) as much as it was about a radical technological shift that led to a fintech boom, forever changing the way India accesses finance and financial products.
E-way bill conundrum: No end to confusion around moving goods under GST - Pranbihanga Borpuzari, Economic Times
E-way bill has proved to be contentious and a significant pain point for businesses. For goods worth more than Rs 50,000, a business will need to generate an e-way bill in real time from the GSTN and this has to accompany the invoice when goods are being moved around.
We must respect RBI decision on rate cut - Santosh Tiwari, Financial Express
Finance secretary Ashok Lavasa, who was environment secretary at the time of signing of the Paris Climate Accord, says that the US pull out from the agreement will not impact India’s actions, that it is committed to. In an extensive conversation with Santosh Tiwari, he also makes it clear that the monetary policy actions are fully in RBI’s domain and there is no confrontation between the government and RBI on rate cut.
GST: India’s Great Migration challenge - Harsha Jethmalani, Mint
Amid all the lobbying in fixing goods and services tax (GST) rates and with the 1 July implementation deadline fast approaching, businesses are busy completing the migration process. Businesses have to migrate from the present value-added tax (VAT), service tax and central excise registration to a GST registration.
Don’t tax the tiller: on the demand to tax agriculture income - Feroze Varun Gandhi, Hindu
For peasants, the Mughal Empire was fundamentally an extractive state; a protection racket run riot. Typically, the land revenue share of a crop varied between 33% and 50%, depending on fertility, with a further 10-25% paid to the zamindar for his efforts.
Demonetisation effect: Digital payments India's new currency - Pratik Bhakta, Economic Times
Amid the ongoing raging debate on the benefits of demonetisation, there’s been a strong growth in digital payments and transactions in the months since the currency swap was announced on November 8, according to Reserve Bank of India data.
New factory index may push up GDP - Barendra Kumar Bhoi, Business Line
Researchers, policymakers and other stakeholders found the old IIP series (base 2004-05) volatile and inconsistent owing to wide fluctuations, sharp revisions and unexpected/sudden trend reversals. The link between this series and the gross value added in the manufacturing sector has been weak and often unbelievable.
Cabinet opens gates for private players in defence - Business Line
The ‘strategic partnership’ policy in the defence sector received a nod from the Cabinet on Wednesday, opening the gates for Indian private sector players to start manufacturing high-end defence equipment and weapons in partnership with foreign original equipment manufacturers (OEMs).
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