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Farm protests 2.0 and MSP conundrum: Noted economist suggests ‘workable solutions’

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Farm protests 2.0 and MSP conundrum: Noted economist suggests ‘workable solutions’

New Delhi, Feb 19 (IANS) Amidst the Farmers protest 2.0 over demands of Minimum Support Price (MSP) for all crops, Ashwini Mahajan, nation’s leading economist has suggested ‘workable solutions’ for putting an end to the impasse, without hurting the interests of either farmers or government.

Ashwini Mahajan, Economics professor in Delhi University and Swadeshi Jagran Manch co-convenor opines that, “If Centre provides guarantee cover on all crops, it would prove detrimental for the overall economy.”

Mahajan said that MSP has been operational in the country since 1966 and crops like Paddy have been procured at ‘highest MSP’ for long.

He said that MSP prices for other crops have also increased over the years, some of them have seen 100 per cent hike in past decade.

“Guarantee for MSP or legal protection for it could impose financial burden on state government as well as Centre. This will impair the existing fund allocation for various government developmental programs including education, health, infrastructure and others,” he explained.

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Contending against MSP guarantee for crops, he said that government’s fund generation is limited. If a law is made for MSP guarantee, it will bind government’s hands in fund allocation to other sectors and it will find itself in quandary, in case of any exigency.

Currently, government buys crops from farmers, as per the fund availability and the quantum of farm produce.

The Economics Professor also put forth a solution for dealing with the MSP conundrum. He suggested a unique ‘warehouse receipt’ scheme for ensuring farmers well-being as well as government exchequer’s stability.

“Farmers must not be forced to sell farm produce at below-market price. If farmers store their produce in warehouse or godown, a warehouse receipt could be issued. Government could turn to be a facilitator in selling the produce at certain market prices,” he said.

“Hedge funds, insurance firms could also be roped in for the purpose. A trust could also be formed to implement this,” he further suggested.

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Citing example of cotton purchase, he said the crop has enjoyed a sort of guarantee, a similar arrangement could be introduced for other crops using warehouses, insurance schemes.

Speaking about the revocation of farm laws after farmers protest 1.0, he said, “had the three agricultural laws were introduced and corporates brought into system for fetching market price, there would have been more likelihood of their exploitation than their upliftment.”

The need of the hour is, he said, to find out a mechanism to help improve the lives of farmers and also fulfill requirements of nation in terms of agricultural produce.

“Warehouse receipts could turn to be effective measure in safeguarding farmers welfare as well as ensuring MSP for crops,” he said.

“Currently, lot of money goes into buying the farm produce. Breaking away from conventional modes of procurement and devising new methods of engagement could be the solution,” he added.

Sharing his views on the Farmers protest 2.0, he said that politics can’t be entirely ruled out from these protests and it may be politically motivated, as it has come just ahead of Lok Sabha elections.

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–IANS

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National

Defence Ministry: Year 2025 will be year of reforms

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rajnath singh with armed forces chief

On Wednesday, the Defence Ministry announced that 2025 will be designated as the “Year of Reforms,” with a primary focus on establishing integrated theatre commands to enhance collaboration among the three branches of the military.

These reforms are aimed at transforming the armed forces into a technologically advanced, combat-ready force capable of executing multi-domain integrated operations, the ministry stated.

The initiative will emphasize emerging domains such as cyber and space, alongside cutting-edge technologies like artificial intelligence, machine learning, hypersonics, and robotics.

Defence Minister Rajnath Singh described the “Year of Reforms” as a pivotal milestone in the modernization of the armed forces.

“It will set the stage for significant advancements in the nation’s defense capabilities, ensuring the security and sovereignty of India in the face of 21st-century challenges,” he said.

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A 3.2 magnitude tremor struck Gujarat’s Kutch district on Wednesday morning

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A 3.2 magnitude tremor struck Gujarat’s Kutch district on Wednesday morning, according to the Institute of Seismological Research (ISR).

The district administration reported no casualties or property damage following the quake.

The tremor occurred at 10:24 am, with its epicenter located 23 kilometers north-northeast (NNE) of Bhachau, as per the Gandhinagar-based ISR.

Last month, the region experienced four seismic events exceeding a magnitude of 3, including a 3.2 magnitude tremor just three days ago, with its epicenter also near Bhachau.

Earlier tremors in the area included a 3.7 magnitude earthquake on December 23 and a 3.2 magnitude event on December 7, according to ISR reports.

Kutch was also jolted by a 4.0 magnitude earthquake on November 18, 2024. On November 15, a 4.2 magnitude quake hit Patan in north Gujarat, based on ISR data.

Gujarat is considered a high-risk earthquake zone, having experienced nine major earthquakes over the past 200 years, according to the Gujarat State Disaster Management Authority (GSDMA). The 2001 earthquake in Kutch, which occurred on January 26, was the third-largest and second-most destructive in India in the last two centuries, according to the GSDMA.

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Diljit Dosanjh faces legal action over concert songs

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Singer and actor Diljit Dosanjh’s much-anticipated New Year’s Eve concert in Ludhiana faced legal hurdles after a complaint was filed by Punditrao Dharenavar, an assistant professor from Chandigarh.

Following the complaint, the Deputy Director of the Women and Child Department, Government of Punjab, issued a formal notice to Ludhiana’s District Commissioner, urging them to prohibit Dosanjh from performing specific songs during his live show on December 31, 2024.

The notice specifically targets songs accused of promoting alcohol, including Patiala Peg, 5 Tara Theke, and Case (Jeeb Vicho Feem Labbiya), even if the lyrics are slightly modified. The complaint points to previous warnings issued to Dosanjh by various commissions advising against performing these controversial tracks.

Despite these warnings, the singer allegedly continues to perform the songs with minor alterations. Dharenavar raised serious concerns about the influence of such music on young audiences, especially when minors are present at live events.

Adding to the controversy, Dharenavar referenced a 2019 Punjab and Haryana High Court ruling, which directed law enforcement to ensure that songs promoting alcohol, drugs, or violence are not played at public events, including concerts. This ruling underscores the legal basis for the complaint and has further intensified the scrutiny surrounding the event.

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UP Minister’s convoy overturns, 5 person injured

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UP Minister’s convoy overturns, 5 person injured

Five people sustained injuries when a vehicle in the convoy of Uttar Pradesh Minister and Nishad Party chief Sanjay Nishad overturned into a ditch near Januan village in the Khejuri Police Station area of Ballia district late last night.

Sanjay Nishad shared details of the incident, stating that the accident injured five party workers, including four women.

“I was traveling with the convoy to participate in the Constitutional Rights Yatra organized by the party on Tuesday night. Near Januan village in the Khejuri area, one of the vehicles following the convoy lost control while trying to avoid an animal and overturned into a ditch,” Nishad explained.

The injured individuals have been identified as Rakesh Nishad, Ramrati, Usha, Geeta, and Iravati Nishad.

Senior police and administrative officials quickly arrived at the scene following the incident to oversee the situation.

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Suchir Balaji’s mother alleges Murder

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Suchir Balaji’s mother alleges Murder

The mother of Suchir Balaji, a 26-year-old former OpenAI researcher found dead after accusing the company of copyright violations, has alleged that her son was “murdered” and called for a Federal Bureau of Investigation (FBI) probe.

Poornima Rao, Suchir’s mother, claimed her son’s death was a “cold-blooded murder” that authorities wrongly ruled as suicide. She further disclosed that a private autopsy report conflicted with the findings of the initial police investigation.

Rao alleged that her son’s apartment had been “ransacked” and cited evidence of a struggle in the bathroom, including bloodstains that suggested he had been assaulted.

“We hired a private investigator and conducted a second autopsy to uncover the truth. The private autopsy does not confirm the cause of death stated by the police. Suchir’s apartment was ransacked, there were signs of a struggle in the bathroom, and it appears he was hit based on blood spots. This is a cold-blooded murder being misclassified as a suicide. Lobbying in San Francisco won’t deter us from seeking justice. We demand an FBI investigation,” Rao wrote on X.

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Elon Musk reacted to Rao’s post, commenting, “This doesn’t seem like a suicide.”

Balaji was discovered dead in his San Francisco apartment months after accusing OpenAI of violating copyright laws during the development of ChatGPT, as reported by Fox News. Despite these claims, the San Francisco Police Department found no evidence of foul play and ruled the death a suicide.

On October 24, shortly before his death, Balaji voiced doubts about the “fair use” defense in generative artificial intelligence. “I recently participated in a NYT story about fair use and generative AI, and why I’m skeptical ‘fair use’ would be a plausible defense for a lot of generative AI products,” he wrote on X.

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