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Dip in tractor sales indicate further deepening of rural distress

In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

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In economic slowdown, a back story about falling investor confidence -Harish Damodaran

-The Indian Express Fixing the economy today cannot happen through consumption; revival in investment is what's desperately needed. New Delhi: Investment, unlike consumption, satisfies no immediate want. The businessman putting his Money today is basically taking a bet on the future, when it would start yielding returns. Such bets are a function of the “state of confidence” at the time of investment. The investor has to be reasonably, if not absolutely,...

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89% of people excluded from Assam NRC suffering from mental torture, finds survey

-The Hindu They are unable to cope with the fear of deportation, separation from family members, it says. Guwahati: About 89% of the more than 41 lakh people excluded from Assam’s National Register of Citizens (NRC) have been suffering from extreme mental torture because of the fear of being marked as a foreigner and its consequences, a survey by the National Campaign Against Torture (NCAT) has revealed. The NCAT had conducted a field...

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Slowdown in sale of biscuits and cookies: A blip in rural consumption or premiumisation of eatables? -Himadri Buch

-Moneycontrol.com The Rs 35,000 crore biscuit industry has several players, the top most being the Britannia and Parle, which accounts for 70 percent of the industry’s volume and revenues. Subdued rural growth has begun to show up in the cookies category of eatables, especially your tea-table humble biscuit plates. Reports have emerged that the staple biscuits category like Parle-G has slowed down in rural demand, although similar pains are not visible in...

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2.66 lakh beneficiaries of farmer assistance scheme KALIA found ineligible: Odisha minister -Sampad Patnaik

-The Indian Express The government will take a call on the process to retrieve the Money from the ineligible beneficiaries after August 31, when the scrutiny is complete. Bhubaneswar: The Odisha government has found that 2.66 lakh recipients of assistance under its Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme are not eligible for the benefit, Agriculture Minister Arun Sahoo said on Thursday. The government will take a call on the...

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