Modi govt ‘implementing’ IMF-envisaged company takeover of Indian agriculture

By Bhabani Shankar Nayak*
The surge of wealth of Indian billionaires and the Modi-led BJP authorities’s onslaught on poor, marginalised and farmers proceed to develop concurrently as plenty face annihilating pandemic of coronavirus. There may be 90 % rise of Indian billionaire’s wealth over final one decade. It’s not unintended.
The Modi authorities has diminished company revenue tax from 30 to 22 % ranging from the monetary yr 2019/20. It has additionally supplied many different alternatives and incentives and foregoing exemptions to companies. The brand new corporates established in India after October 1, 2019 will solely pay 15 %.
The Modi authorities additional pursuing financial and agricultural insurance policies to additional marginalised the poor farmers and empower the pockets of his Hindutva capitalist cronies by reforming agricultural insurance policies to dismantle all security nets. Modi authorities follows the coverage prescriptions of his Washington masters within the Worldwide Financial Fund (IMF).
The Govt Board of the IMF concluded its session with the Authorities of India on 25th of November 2019 and launched its Nation Report No. 19/385 in December 2019. The report overtly acknowledges deletion of market delicate data and coverage intentions as a part of the half-baked IMF’s transparency coverage.
Nonetheless, this nation report reveals the coverage prescriptions for the deepening of market forces in Indian economic system. The IMF advocates and encourages the Authorities of India to cut back company revenue tax and implement each land agricultural reform for additional commerce and funding liberalisation. It additional prescribed to extend and combine wholesale agriculture markets for the growth of agricultural exports.
The New Agriculture Export Coverage (2018) as designed by the Modi authorities as prescribed by the IMF goals to double agricultural exports to US$ 60 bn by 2022. The IMF additional argues that the sluggish progress in reforming labour, land, and agriculture are creating setbacks within the structural reform course of for financial progress and funding.
The strengthening of enterprise local weather is the central goal of IMF and the Modi authorities. With the intention to obtain these objectives, the Modi-led BJP authorities has accepted the Agri-Market Infrastructure Fund of INR 20 billion for use for growth and up-gradation of infrastructure in 10,000 rural agricultural markets and 585 regulated wholesale markets.
It’s inside this context, the launch of the Adani Agri Logistics isn’t unintended however a scientific enterprise initiative for procurement, storage, transportation and distribution of meals in India. The Adani Agri Logistics goes to develop monopoly over meals market.
The corporatisation of agriculture and marketisation of meals safety goes to speed up starvation and hunger deaths. It should destroy and pave the trail for the privatisation of Meals Company of India. The company takeover of the Meals Company of India goes to be socially and economically disastrous for India and Indians. The Modi authorities is implementing three harmful agricultural coverage reforms prescribed by the IMF. These insurance policies are concomitant with the necessities of market forces.
The agricultural reforms insurance policies below the Farmers (Empowerment and Safety) Settlement of Worth Assurance and Farm Providers Ordinance, 2020 are related to three acts: 

  1. the Farmers’ Produce Commerce and Commerce (Promotion and Facilitation) Act, 
  2. the Farmers (Empowerment and Safety) Settlement on Worth Assurance and Farm Providers Act; and 
  3. the Important Commodities Modification Act. 

These insurance policies are going to destroy farmers freedom to provide and diminish the safety of their merchandise and livelihoods. It’s a dying warrant towards agricultural communities and farmers in India.
The company takeover of Indian agriculture and progress of contract farming will speed up agricultural capitalism during which corporates will command manufacturing, consumption and distribution, and management the lives of 60 % of Indian inhabitants who’re engaged in agricultural actions. Agriculture is the supply of livelihood for 494.9 million landless Indians and 263 million Indians rely straight or not directly on agriculture for his or her on a regular basis survival.
The Modi authorities is accelerating agrarian disaster to create enterprise alternatives for the companies. The agrarian disaster and meals insecurities in India transfer collectively. The meals self-sufficiency, required agricultural manufacturing for buffer shares and accessibility of meals for all in India mustn’t simply be a dream however a actuality given the supply of agricultural expertise, land and labour.
However sadly, successive governments are dismantling each social and financial security nets designed after Indian independence. The Pradhan Mantri Fasal Bima Yojana (PMFBY) isn’t an insurance coverage for farmers however an revenue supply for personal insurance coverage corporations in India. This coverage will guarantee farmers in debt entice within the title if improved stream of credit score.
Then again, the PM Kisan Pension Yojana for small and marginal farmers is a method to consolidate small saving of poor, small and marginal farmers for company funding. These insurance policies are detrimental to Indian economic system and its folks.
India has adopted an built-in strategy to agricultural economic system and meals safety coverage after independence. Manufacturing, availability and accessibility of meals for all have been the targets of the built-in coverage. The target was to supply minimal assist worth to farmers and encourage them to provide meals for meals safety of the nation.
The Agricultural Produce Advertising and marketing Committee (APMC) was established to acquire the merchandise and safeguard farmers from the market and preserve worth stability to entry meals for survival. The general public distribution system was developed to make sure meals safety by distribution of meals and rationing throughout meals disaster. The Meals Company of India was built-in inside such an integral coverage framework to supply buffer shares to face conditions of scarcities attributable to pure calamities or conflict.
From meals to trend, the market has all the time did not develop a mechanism of egalitarian distribution. The markets solely work in direction of the focus of wealth within the fingers of few and marginalise the plenty.
The successive governments led by the Congress Social gathering have destroyed the built-in coverage strategy to agriculture and meals safety in India. The Common Public Distribution System was dismantled by the Congress governments by reforming it as Revamped Public Distribution System and Focused Public Distribution System.
These reforms have destroyed built-in and universalistic traits of the agricultural and meals safety coverage to permit market forces to develop throughout half-hearted liberalisation throughout 1980s and full-fledged liberalisation and privatisation after the 1991 new financial reforms.
The BJP and RSS used to oppose these reform insurance policies throughout these days within the title of nationalism. However RSS and BJP stand at present on the foundations of reform insurance policies created and formed by the Congress celebration. There isn’t any distinction between Congress Social gathering and BJP in relation to financial insurance policies. Each uphold the pursuits of the companies.

From meals to trend, the market has all the time did not develop a mechanism of egalitarian distribution. It solely work in direction of the focus of wealth within the fingers of few

The ruling and capitalist class technique is to develop consumerism and market of meals in an enormous scale on account of which plenty will proceed to hunt work for meals. Such a feudal strategy of Hindutva capitalism is appropriate for political dominance of BJP, social and cultural hegemony of RSS, and financial dominance of corporates over Indian folks and their assets.
The meals insecure and unemployed Indians will all the time be out there as an enormous military of low waged labourers for Indian and world capitalist class to amass their revenue by inflicting mass distress. The agricultural reforms will speed up corporatisation of agriculture and create circumstances the place farmers can be slaves in their very own land.
The landless farmers and agricultural staff can be low waged staff. Mass distress, starvation and unemployment are going to be three internet outcomes of those insurance policies whereas pushing India and Indians to dwell below company feudalism. The long-term outcomes of those reform insurance policies are going to be extra harmful. Long run meals insecurity and unemployment creates circumstances for slave society.
The ruling and non-ruling elites in India have discovered their poster boy in Modi and ideological brotherhood with the BJP and RSS to pursue their hegemony. The IMF argument behind the productiveness of agriculture and empowerment of farmers is doubtful. These agricultural reform insurance policies will not be going to extend productiveness in Indian agriculture and farmers will not be going to be affluent.
The capitalism as a system is all the time towards productiveness and mass prosperity. Financial productiveness of labour has elevated with the expansion of science and expertise, however mass prosperity didn’t develop. Like the remainder of the world, India is witnessing focus of wealth and marginalisation of plenty and their on a regular basis life.

David Graeber

As Prof David Graeber has argued, “the ruling class has found out {that a} joyful and productive inhabitants with free time on their fingers is a mortal hazard” to their command and managed system of hegemony referred to as free market capitalism. It’s clear that Indian billionaires and their Brahminical social and financial order discover its security internet below the management of Modi.
The western capitalist methods have been advanced over centuries of trial and error, however Indian capitalism has constructed by its consciously designed basis of caste based mostly Brahminical order. The ruinous financial insurance policies, social incapacity and political stability are three weapons of Indian ruling and non-ruling class led by Modi. You will need to see the agricultural reform insurance policies inside these methods of company cronies of Hindutva authorities led by Modi.
The farmers’ motion towards the agricultural reform insurance policies of Modi authorities offers new hopes deepening of democracy for a greater India. It has uncovered the company character of Modi authorities. It has dismantled the hegemonic narrative of neoliberal governance by the BJP and RSS.
The mainstream media and all of the hypocritic propaganda of BJP and RSS have failed to cover the authoritarian nakedness of Modi authorities and all its failures. The united working-class motion in assist of Indian farmers can solely save India and Indians from medieval forces of Hindutva. The bigotry of BJP and RSS can by no means be another. These forces can by no means present a peaceable and affluent India to Indians. India wants a second wave of freedom battle towards caste, capitalism and Hindutva to make sure liberty, equality, justice, secularism, socialism and democracy enshrined within the Structure of India. 

It’s the responsibility of each Indian to rebuild their nation by defeating Hindutva forces and their company cronies. The secular and democratic struggles are solely path in historical past for a peaceable and affluent future for India and Indians.

*College of Glasgow, UK

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