-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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Pulses farmers' profit falls sharply in 2016-17 due to adverse govt policies, record harvest: CRISIL -Sayantan Bera
-Livemint.com Average profit margin of farmers on all pulse varieties except gram (chickpeas) fell by 30% in 2016-17 year-on-year due to a record harvest and adverse government policies, said the CRISIL report New Delhi: The profitability of poor farmers in India who are dependent on rain-fed irrigation and grow pulses fell sharply during 2016-17 due to a record harvest and adverse government policies, said a report released on Monday. Average profit margin of...
More »Centre to come out with draft model law on contract farming -Vishwa Mohan
-The Times of India NEW DELHI: Seeking to protect farmers from price volatility by ensuring guaranteed price for their produce, the Centre will come out with a draft model law on contract farming this month. Once it is made public, stakeholders including farmers will be given 30 days to comment and give suggestions. A final 'model' contract farming Act is expected to be released in November after incorporating the suggestions. "The final model...
More »Farmers' suicides in Punjab: Looking beyond indebtedness -Sher Singh Sangwan
-The Times of India Punjab, the leader of green revolution during the '70s, has become disreputable for farmers' suicides in last two decade or so. Usually, these suicides are attributed to farmers' indebtedness to banks and commission agents. However, it is to be noted that bank credit has played a pivotal role in investment into tubewells, tractors, farm mechanization, horticulture, dairy, poultry and forestry all over India, and especially in Punjab and...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
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