-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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A wider deficit is unavoidable to strengthen demand -Ajit Ranade
-Livemint.com Thankfully, India is enjoying a demographic dividend that gives it greater leeway for deficit-financing The dominant consensus on the slowdown in India is that we have a demand problem. Lack of aggregate demand is a phrase that goes back to John Maynard Keynes. He is a ghost who reappears from time to time, however much one tries to bury him. Regardless of whether you are a Keynes devotee or not, his...
More »Explained: The idea of 'zero-Budget' farming, and why scientists are sceptical -Yashee
-The Indian Express Addressing the 14th Conference of Parties (COP14) to the United Nations Convention to Combat Desertification (UNCCD) on Monday, Prime Minister Narendra Modi mentioned that India was "focusing on Zero Budget Natural Farming (ZBNF)". In her Budget speech, Finance Minister Nirmala Sitharaman had spoken of the need to “go back to basics”, and to “replicate this innovative model (that) can help in doubling our farmers’ income”. The National Academy of...
More »Getting the economy to turn around -Ajay Shankar
-The Hindu Business Line Lowering the exchange rate to boost exports, a grant-based stimulus for auto sector and reviving stalled power projects will help The slowdown in the Indian economy is far steeper than what most observers had expected. The government has announced a set of measures for revival. It has also indicated that more are in the pipeline. For this to have become necessary within weeks of the presentation of the...
More »Top farm scientists body rejects zero Budget natural farming -Harish Damodaran and Parthasarathi Biswas
-The Indian Express This comes even as Prime Minister Narendra Modi, addressing the 14th Conference of Parties to the UN Convention to Combat Desertification on Monday, mentioned that “we are focusing on ZBNF”. India’s premier academic body of agricultural scientists has hit out at Zero Budget Natural Farming (ZBNF), terming it as an “unproven” technology bringing no incremental value gain to either farmers or consumers. “The government should not needlessly invest capital...
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