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