Page 5 - Intl. Review (Draft 1.3)
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FEATURED

                                                  At the forefront of the un- exodus. He chimes the warning
                                            ease has undoubtedly been the  bell towards the greater ex-
                                            uncertainty surrounding the pull- posure to market risks that the
                                            out of partisan MSPs. A lifeline  small  producer  has  no  means
                                            for the everyday farmer, albeit an  of facing – and when things go
                                            increasingly  interruptive  market  south – no means of coping with.
                                            intervention. In the views of Ara- Even in the present state of the
                                            vind Panagariya – ex-NITI Aayog  market, unjust onus tilts at the
                                            Chairman & sitting Columbia  mercy of the big buyers, and
                                            University Econ. professor after a  with  the  oncoming  reforms,  an
                                            stint as Chief Economist at ADB –  even wider  red carpet sits  laid
                                            the critics seem to be overacting  out for unbridled price-setting
                                            in crying foul over the threat of  and legalese exploitation. The
                                            disappearing MSPs. To him, the  government’s attitude seems to
                                            private players simply don’t, and  have thrown caution to the wind
                                            can’t, wield such an unwieldly  with  reckless  abandon  for  the
                                            extent of market power to side- long-running safety net that the
                                            step APMC mandis as a whole.  already ailing Agri workers have
                                            If corporations did hold such in- long taken shelter under.
                                            fluence, reformers would’ve long         So as things stand, it’s
                                            shielded the govt. from years of  proving to be a fierce two-way
                                            babysitting manufactories. As  of thought, a policy dispute that
                                            to what evidence Mr. Panagari- looks set to drag on for the fore-
                                            ya has to back his claims up, he  seeable  future.  Even  with  the
                                            proceeds onto highlighting the  govt.  rushing  through  the  leg-
                                            positive outlook that opening up  islation now flexed fully to the
                                            of the milk industry had, with the  foray. The impact to which won’t
                                            breakthroughs  made by Nestle,  immediately be conceivable un-
                                            Hatsun and the rest of the pri- til life goes back to normal in the
                                            vate procession made, furnish- post-pandemic return to busi-
                                            ing new life with their entrepre- ness as usual.
                                            neurial spirit. How they helped          Nevertheless,  it  would be
        Jagir Singh, 71, looks in the mirror of a tractor as he
        ties his turban before joining fellow farmers pro-  “expand” the demand through  an exercise  in futility  to assign
        testing against new farm laws at the Delhi-Hary-
        ana state border, India, Tuesday, Dec. 1, 2020.   market expansion brought on by  point-values to the competing
        (AP Photo/Altaf Qadri)
                                            the increased choices both for  schools of thought, after all,
                                            the buyers  & the sellers,  grad- there’s never an economical-
        drum. At first view, it’d prove very   ually stimulating the sector into  ly perfect model if we’ve ever
        convenient – and perhaps rather     sustained prosperity.               seen one. However, it does beg
        time-efficient – to simply point                                        the question as to how we can
        out the heavily politicized nature   Not all rainbows and sunshine;  speculate the aftermath. And
        of this confrontation & brush it    Dystopian Reservations              whether the damning outrage
        off as another volley of com-             The opposing view howev- stands justified. To that end, an
        munal strife, turning a blind eye   er, spearheaded by renowned  insightful analysis stands await-
        toward the underlying critical      Economist  Kaushik  Basu  –  for- ed.
        mass. However, there’s never a      mer CEA to the GoI and current           Furthermore, on the face
        thunderstorm  without  blistering   Ivy league professor at Cornell  of it, the afore-mentioned de-
        currents, bellum without a casus    University – who puts forth ap- bate stands to be only one-third
        belli. Thereby begging the ques-    prehensions with regards to the  of the issue at hand. There were
        tion of  deeper inquiry  into the   lack  of  safety  cushions  afford- 3 bills past in  conjunction,  not
        belly of the statistical beast lurk-  ed to the now vulnerable farm- one, not two, but three, even so,
        ing beyond the blistering brawl.    ers should their MSPs diminish in  most of the attention has been
                                            the wake of the supposed APMC  aimed toward the torch-bearing
        When the going gets tough;          dissolution, akin to an economic  premier flagship “Farmers Pro-
        An Argument for

        Volume #01                                                                                             4
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