Where are the Big Bang Reforms?
1) Agriculture
A) APMC is History
A ball-bearing producer could sell it anywhere,whoever gave the best price.
But an agricultural producer could only sell through a local cartel.
This injustice is now history.
We have One National Market.1/10
1) Agriculture
A) APMC is History
A ball-bearing producer could sell it anywhere,whoever gave the best price.
But an agricultural producer could only sell through a local cartel.
This injustice is now history.
We have One National Market.1/10
Why is the APMC reform so revolutionary?
Because of AMPC induced cartels, farmers got only 50% return on retail price of his produce, balance went to system operators.
All that is now history. A farmer can now sell anywhere he likes. More competition, better price returns. 2/10
Because of AMPC induced cartels, farmers got only 50% return on retail price of his produce, balance went to system operators.
All that is now history. A farmer can now sell anywhere he likes. More competition, better price returns. 2/10
Where are the Big Bang Reforms?
1) Agriculture
B) Essential Commodities Act (ECA) Defanged
ECA is a Nehruvian relic when India had food shortages. That is no longer the situation.
Yet the ECA sword prevented any meaningful investment in storage, processing or exports. 3/10
1) Agriculture
B) Essential Commodities Act (ECA) Defanged
ECA is a Nehruvian relic when India had food shortages. That is no longer the situation.
Yet the ECA sword prevented any meaningful investment in storage, processing or exports. 3/10
Prices of cereals, pulses, oil-seeds, edible oils, potato and onion is now completely deregulated (except in war etc).
What will this do? Bring in capital investment since prices will now not be artificially capped. Who will benefit? THE FARMER who will get better prices. 4/10
What will this do? Bring in capital investment since prices will now not be artificially capped. Who will benefit? THE FARMER who will get better prices. 4/10
Where are the Big Bang Reforms?
1) Agriculture
C) Contract Farming
Farmers can now partner with processors, aggregators, large retailers, exporters etc.
Large aggregate farming induces economies of scale. Makes modern machine farming viable, brings in private investment.5/10
1) Agriculture
C) Contract Farming
Farmers can now partner with processors, aggregators, large retailers, exporters etc.
Large aggregate farming induces economies of scale. Makes modern machine farming viable, brings in private investment.5/10
Why is the 'Agriculture Produce Price and Quality Assurance' reform a big deal?
Because agriculture can now see BIG CAPITAL. With APMC restriction gone, and ECA defanged, modern mechanized farming with latest technology (the kind we see in Europe/US) can now be a reality. 6/10
Because agriculture can now see BIG CAPITAL. With APMC restriction gone, and ECA defanged, modern mechanized farming with latest technology (the kind we see in Europe/US) can now be a reality. 6/10
One of the promises of Modi in 2014 was of DOUBLING FARM INCOMES by 2022.
With today's 'Agricultural Reform Trinity' and with additional investment in agricultural infra of 1 lakh crore, investments in and in Dairy sector etc, the FARM INCOME DOUBLING goal is in sight. 7/10
With today's 'Agricultural Reform Trinity' and with additional investment in agricultural infra of 1 lakh crore, investments in and in Dairy sector etc, the FARM INCOME DOUBLING goal is in sight. 7/10
Where are the Big Bang Reforms?
2) MSME
A) Credit lines and Equity Infusion
3 lakh crore, collateral free, government guaranteed credit lines opened.
Additionally, 20,000 Cr debt infusion for stressed MSMEs, and another 50,000 Cr 'Fund of Funds' for equity infusion. 8/10
2) MSME
A) Credit lines and Equity Infusion
3 lakh crore, collateral free, government guaranteed credit lines opened.
Additionally, 20,000 Cr debt infusion for stressed MSMEs, and another 50,000 Cr 'Fund of Funds' for equity infusion. 8/10
Where are the Big Bang Reforms?
2) MSME
B) Definition Change
Revolutionary change for both manufacturing and services MSME. Indian MSMEs can now grow unhindered, without the fear of losing the befits for MSME sector (like lower taxes).
'Global Indian MSME can now happen. 9/10
2) MSME
B) Definition Change
Revolutionary change for both manufacturing and services MSME. Indian MSMEs can now grow unhindered, without the fear of losing the befits for MSME sector (like lower taxes).
'Global Indian MSME can now happen. 9/10
What has been done in the last three days - for Agriculture and MSME sector (even creating One Nation One Card) are truly BIG BANG REFORMS.
Modi2.0 is not shying away from doing the Big Bangs, either in civilizational agenda or in economy.
One year is still not complete! 10/10
Modi2.0 is not shying away from doing the Big Bangs, either in civilizational agenda or in economy.
One year is still not complete! 10/10
