Ajit Ranade is chief economist, Aditya Birla Group
Such diversion of food crops to produce biofuel was considered one of the reasons for the rise in food prices globally. Corn and other grain is also used in feedstock for poultry and cattle and is hence part of the food economy. Should India, a country with rampant poverty, hunger, and malnutrition, use food grains for making ethanol?
The states must engage NGOs, factories and charities including religious organisations to raise funds for meeting the expenditure on milk, eggs, cooking oil and vegetables, and even soaps and sanitisers.
Policy should focus on recapitalising banks, giving incentives to sectors like telecom and housing, and alleviating the disruption caused by demonetisation and GST
Scrapping tax treaty with island nation will boost India’s domestic tax reform agenda.
The gap in banking capital needs to be closed by Industrial houses since they have demonstrated the ability to provide other financial services with adequate capital backing.