https://www.taxtmi.com/news?id=22435 The Economic Survey argues that excessive market intervention creates deadweight loss and misallocates resources. It calls for reforming or jettisoning the Essential Commodities Act because stock limits distort storage incentives, enable rent seeking and fail to stabilise prices; recommends replacing price controls in pharmaceuticals with aggregated government procurement and market oriented bargaining; urges shifting foodgrain policy from physical distribution to targeted cash transfers; and warns that debt waivers disrupt credit culture and reduce formal credit flows. en-us Fri, 31 Jan 2020 14:20:28 +0530 Fri, 31 Jan 2020 14:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22435 The Economic Survey argues that excessive market intervention creates deadweight loss and misallocates resources. It calls for reforming or jettisoning the Essential Commodities Act because stock limits distort storage incentives, enable rent seeking and fail to stabilise prices; recommends replacing price controls in pharmaceuticals with aggregated government procurement and market oriented bargaining; urges shifting foodgrain policy from physical distribution to targeted cash transfers; and warns that debt waivers disrupt credit culture and reduce formal credit flows. News - Fri, 31 Jan 2020 14:20:28 +0530 https://www.taxtmi.com/news?id=22435