In Episode 19 of the Transforming India podcast, co-hosts Arvind Panagariya and Pravin Krishna provide a comprehensive analysis of India's recent agricultural marketing reforms and various debates around them. They trace the origins of India's agricultural produce marketing laws back to the 19th century and describe the regime that has existed for almost 90 years. They then discuss the reform of these laws first via the 2003 APMC Model Act and then the three central government laws enacted in September 2020. They provide an in-depth explanation of the rationale for the three laws and explain the political economy of the protests against them by farmers from Pubjab and Haryana. They explain why various criticisms are either specious or misleading and conclude by exploring possible resolutions of the differences between the protesting farmers and government.
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In Episode 19 of the Transforming India podcast, co-hosts Arvind Panagariya and Pravin Krishna provide a comprehensive analysis of India's recent agricultural marketing reforms and various debates around them. They trace the origins of India's agricultural produce marketing laws back to the 19th century and describe the regime that has existed for almost 90 years. They then discuss the reform of these laws first via the 2003 APMC Model Act and then the three central government laws enacted in September 2020. They provide an in-depth explanation of the rationale for the three laws and explain the political economy of the protests against them by farmers from Pubjab and Haryana. They explain why various criticisms are either specious or misleading and conclude by exploring possible resolutions of the differences between the protesting farmers and government.
For those interested in understanding India's banking and Non-banking Financial sectors, there is no better source than this hour-long Episode 18 of the Transforming India podcast. In this episode, co-hosts Arvind Panagariya and Pravin Krishna speak at length with Dr. Viral Acharya, CV Starr Professor of Economics at New York University's Stern School of Business and former Deputy Governor of the RBI. The three discuss the evolution of the Non-performing assets (NPA) crisis, its handling by the government, the role it played in economic slowdown both pre- and post-Covid-19, the impact Covid-19 will have on future bankruptcies and NPAs, and preventive actions the government must take. Dr. Acharya also offers advice on banking sector reform, including privatization. Further, the episode offers a rich discussion of the role that Non-Banking Financial Companies (NBFCs) play in India's financial sector, the crises that engulfed it alongside the NPA crisis in banks, possible remedies, and whether it will be wise to allow non-financial corporations to have their own banks.
Transforming India
In Episode 19 of the Transforming India podcast, co-hosts Arvind Panagariya and Pravin Krishna provide a comprehensive analysis of India's recent agricultural marketing reforms and various debates around them. They trace the origins of India's agricultural produce marketing laws back to the 19th century and describe the regime that has existed for almost 90 years. They then discuss the reform of these laws first via the 2003 APMC Model Act and then the three central government laws enacted in September 2020. They provide an in-depth explanation of the rationale for the three laws and explain the political economy of the protests against them by farmers from Pubjab and Haryana. They explain why various criticisms are either specious or misleading and conclude by exploring possible resolutions of the differences between the protesting farmers and government.
