BC ECONOMY
Saved by @Jacobtldr

True that all the people cherishing the support of IMF or WTO for farm reforms need to cool it down a bit, because that is a model we do not want to emulate to the t in India here.

But here are some issues that deserve to be better discussed by all:

 1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.

2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
+ commodities, the prices of all the food products will be obnoxiously high.
The developed nations are able to offer that MSP because the per capita incomes in those countries are high, and people spend less proportion of rising incomes on food. But, for a country like India +
+ where the per capita income is comparatively so low, those inflated food prices again hurt the poorest of us all including the farmers who purchase food outside the ration shops.

(Source: Prof Ashutosh Varshney's Democracy, Development and the country side)
3. Based on the second point, it is imperative that we look for income generation alternatives for our people from the market and that's where these reforms come in. Contract farming, direct procurement by the private sector, building private investment in warehousing and +
+ storage are great ways of looking for these alternative income generating methods.
We will reach the MSP for all stage too, but at the moment that is not a fire we should be playing with. That is for when we are a country with increased per capita incomes and+
+ less populace indulged in the agri sector.
The point about which sector will absorb such a large workforce, well this thread is a part of that answer. Labour reforms have generated higher employment and a more vibrant labour market before.
Thread
https://t.co/ESNy33sAYm

More from Economy

hegelian vs predator \U0001f42c
hegelian vs predator 🐬...
@reachrachelkahn
🚨🚨 THREAD TIME 🚨🚨

let's talk about the differences between income, wealth, and class

tl;dr: income is earned, wealth is bought, and class is inherited

also hi friends, while on the topic of income, this work is my only source of it! times are tough and folks are really struggling, but if you have a couple extra bucks please consider sending a tip my way

💰 venmo rachel-kahn-5
💵 cashapp

INCOME is the amount of money a person makes from labor and investments

so if you work for 2,000 hours and are paid $40,000 in a year, that's income

OR if you have a $1,000,000 stock portfolio with a 5% return rate and cash out $40,000 of it, that's income too (fucked, right?)

WEALTH is the amount of capital you own

that could be owning a house and land worth $150,000

or owning a small business with $150,000 in assets

or owning $150,000 worth of stocks

wealth is the investments that are themselves accruing value

CLASS is about what you stand to inherit

in the united states we use a lot of weird doublespeak to avoid talking about the proletariat, the petit bourgeoisie, and the bourgeoisie directly

proletariat ~ working class
petit bourgeoisie ~ middle class
bourgeoisie ~ upper class
ECONOMY
Peter Foster
Peter Foster
@pmdfoster
🚨🇬🇧🇪🇺💄👠👗💅🏻🕺💃🇪🇺🇬🇧🚨
UK’s £35bn fashion industry warns of “decimation” from #brexit - big names sign open letter to @BorisJohnson urging action. Many of 50,000 SMEs on the rack due to VAT, customs and work permit issues. Stay with me/1


You can read the full text of the letter here, co-ordinated by Fashion Round Table @FashionRoundTab, but tl;dr it says that #Brexit has left a "gaping hole" in an industry that relies of free movement of professionals. It's a familiar cry /2



@FashionRoundTab The industry, already whacked by #COVID19, is now discovering that cross-border sales are a horror (VAT, Customs, long delays) and models, stylists, photographers that used to blat around Europe can't any more. They need permits, for themselves, for their gear /3

It is on one level amazing that this is only just fully dawning - as the musician industry found out recently - but fashion is not just big names and big companies. It's actually a mountain of small companies and sole traders often that feed into a huge (£35bn) industry /4

I've written about fashion models issue before (they need tier-5 sponsorship visas) and how that will erode London's status as a hub, but this goes so much wider than this - hence the #dontmakefashionhistory campaign - and comes down the lack of a mobility chapter in the deal /5
ECONOMY
Advertisement
\U0001f1fa\U0001f1f8 \U0001d7dc\U0001d7d8\u210d\U0001d556\U0001d552\U0001d555 \U0001f1fa\U0001f1f8 \u2b50\u2b50\u2b50 \U0001f1fa\U0001f1f8
🇺🇸 𝟜𝟘ℍ𝕖𝕒𝕕 🇺🇸 ⭐⭐⭐ 🇺🇸...
@40_head
1. HUGE DISCOVERY!

What would have been exposed if @GenFlynn hadn't been impeded by corrupt FBI, DOJ and the Obama White house?

He'd have exposed CHINA and their laundering of IRANIAN OIL MONEY!

Read the thread below for the back story on how they went after Flynn.
ECONOMY
Emnet Negash
Emnet Negash
@emnet_negash
What happens with the limited volumes of food aid that are sent to Tigray?

Testimonies on aid to the war-affected Tigray &

Shire: 7 kg of wheat were required to sign for 15 kg. If they refused to sign for 15 kg they were denied the 7 kg

IDPs in Shire: Currently around 80 000 displaced Tigrayans in Shire, spread across three different schools

Addi Da’iro: “Residents were denied food aid after the inhabitants refused to appoint PP officials as administrators. The residents demanded the evacuation of Eritrean soldiers instead.”

Aksum: "I heard there have been food aid of 15 kg of grain per family, and only once. Neither I, nor my relatives have received aid. No idea about how many families received that 15 kg of food aid. How many days would that last? Who takes the rest? Of course, the Eritreans?”

Adwa: “Last time, they made us sign 15 kg while giving only 7 kg”.
ECONOMY
artisanal fun-ruiner
artisanal fun-ruiner
@makokaazo
"if you demand more pay, we will replace you with robots" is not a reason to pay people less than it costs them to work for you, it is a reason to have your corporation taken over by the state, or dismantle an unwilling state and rebuild one that does.

corporations and governments are out here accelerating your deaths so they can monetize your remains while some of you assholes go "well $15 is too much"

$15 was insufficient 20 years ago, and it's insufficient now. pay people enough to feed their babies or they will kill you.

if people have nothing left to lose they will act like people with nothing left to lose

i cannot make it clearer than this

capitalism only "works" if you have enough police per so many thousand desperately poor individuals.

capitalism only "works" if you employ enough human beings to be the face of your blatant exploitation.

go ahead and automate and watch how fast people sabotage your shit.

if your government does not keep you fed, healthy, and safe, it has no reason to exist.

government - leadership of any kind, tbh - only exists to centralise the management of common needs, so we don't all have to individually scrabble to survive every day, on our own.
ECONOMY

You May Also Like

Arif Hasan\U0001f1ee\U0001f1f3
Arif Hasan🇮🇳...
@arifhasan18
5 star RSI Strategy by @VishalMalkan

Unconventional approach of 60-40 RSI and range shift concept.

According to him,
whenever the market is bearish,
it won’t be able to cross 60,
and whenever in a bullish trend,
it won’t be able to cross 40.

Like & Retweet for Maximum Reach.

So, instead of the 70-30 Relative Strength Index,
we will use the 60-40 range for the RSI indicator for this strategy.

When the
Monthly and Weekly RSI>60,
& when the RSI takes support at 40 in the daily chart,
it may bounce back and most probably it will not go below 40.

If a bullish candle is formed at the 40 RSI level,
the prices may bounce back, and one can enter the stock.

The stoploss can be placed at the low of that bullish candlestick,
and the target can be the 60 RSI level.

When the
Monthly and Weekly RSI<40,
& when the RSI takes resistance at 60 in the daily chart,
it may bounce back and most probably it will not go above 60

If a bearish candle is formed at the 60 RSI level,
the prices may bounce back from there, & 1 can enter the stock 4 shorting

The stoploss can be placed at the high of that bearish candlestick, and the target can be the 40 RSI levels.

#banknifty

This range shift concept can be applied in any timeframe,
whether intraday, daily,weekly, etc.
ALL
Andrey \uf8ff Azimov
Andrey  Azimov
@AndreyAzimov
The best way to know if people like your product is NOT:

- Have a lot of emails in the waiting list
- Become #1 on PH
- Become #1 of HN or Reddit
- Have people that saing "I'll pay"
- Have a lot of free users

The best way to know if they're actually pay for it.

The only thing that matters is your product providing a value, and you can't know this until people will pay money for it.

We can have a first signal of a product/market fit after the launch by check how many sales we've got in the first 24h. Some scale:

200+ This has a high potential.
100+: This has a potential.
50+: Some people need it.
10+: People almost don't need it.
0+: People don't need it.

This is for a single time payment product. For a subscription probably it should be less because people hate subscription.

And obviously, you should have a lot of traffic like 3-5k+.

Here is a stat for my products (macOS apps) for the first 24h after the launch:
STARTUPS
Advertisement
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
JWALAMUKHI TRIPURASUNDARI, UTHANAHALLI, MYSURU (KAR)
#bharatmandir

Jwalamukhi Tripursundari is believed to be the sister of Devi Chamundeshwari, the presiding deity of Mysuru
It is also that she represents the flaming mouth of Jalandhara, the demon whom Shiva crushed to death.


When Devi Chamundeswari was fighting Mahishasura, she observed that from every drop of blood that spilled out of Mahishasura, another demon was born. So she created Tripurasundari to ensure that no blood dripped from Mahishasura.


Tripura Sundari means beauty of the three worlds.
The murti was installed during Wodeyar rule. An utsava murti made of pancha loha is kept in the sanctum sanctorum.
Another shrine here is dedicated to Siddeshwara / Shiva surrounded by a beautiful wooden Mantapa.
@GunduHuDuGa
ALL
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
RANI NAIKI DEVI AND THE BATTLE OF KASAHRADA

Mohammad Ghori, the young Ghurid Prince conquered Ghaznavids in Afghanistan in the year 1173 CE. He conducted some successful raids into the Indian territory, which even Mahmud Ghazni & the Persians couldn't do.


First&foremost,Ghori invaded states of Multan &Uch in India.After this he turned to southern states of Gujarat &Rajputana.Everybody knows this about Ghori,but what most pple r unaware of is the defeat he suffered at hands of Chalukyan Queen Naiki Devi in 1178 Battle of Kasahrada.


When he marched southwards, his first target was the prosperous fortified town of Anhilwara Patan.
It was the capital of Chalukyas(also known as Solankis of Gujarat) which was established by Vanraj of Chapotkata Dynasty in 8th century.


American historian Tertius Chandler states that it was the 10th largest city in the world at that time. The history of Chalukyas has been written by many historians, but the valour of the Great Queen Naiki Devi remains unsung.


Born to the Kadamba King Paramardin of Goa,Naiki Devi was well trained in sword fighting, horse riding, strategy & every other subject of Statesmanship. She was married to King Ajaypala of Gujarat who sat on throne in 1171CE. Unfortunately,the King died within 4 yrs of his rule.
ALL
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRISAILAM: KASHI OF THE SOUTH (AP)
#andhratemples

The divine abode of Mallikarjuna Swamy (Jyotirlinga) and Devi Brahmaramba (Shaktipeeth).

When Ganesha was married before Kartikeya, he left in anger to Kraunch mountain. Shiva and Parvati also followed him there.


Shiva assumed the form of Jyotirlinga and resided on the mountain by the name of Mallikarjuna. Mallika means Parvati while Arjuna is another name of Shiva
It is also said that once, a princess Chandravathi, saw a cow shedding milk on a rock resembling a shivlingam.
@DubeyYash1911


She started praying to the lingam daily and used to offer jasmine (mallika pushpam) daily. Pleased Shiva appeared before her and agreed to wear jasmine garland (mallika pushpmala) on his head permanently. Since then, Shiva became known as Mallikarjun Swamy.


At this place, Shakti took the form of Bhramaram (bee) to kill Arunasur and settled as Bhramaramba Devi. The place is a Shakti Peeth as the neck portion of Devi Sati fell here.

It is said that by merely seeing the hill, one is emancipated from all his sins and worries.
ALL