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Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham

-PTI An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said. A survey by industry chamber...

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World Bank reduces India GDP growth forecast to 7% for 2017-18 -Asit Ranjan Mishra

-Livemint.com World Bank has reduced its India GDP growth forecast to 7% for 2017-18 from 7.2%, blaming disruptions caused by demonetisation and GST New Delhi: After remaining the world’s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and the Pacific regions, as India’s economy slowed to its lowest level in 13 quarters, the World Bank said on Monday. This is at a time when...

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India's hunger problem is worse than North Korea's: global hunger index report -Sayantan Bera

-Livemint.com India has a ‘serious’ hunger problem and ranks 100 among 119 developing countries, lagging behind countries such as North Korea and Iraq, says global hunger index report New Delhi: India has a “serious” hunger problem and ranks 100 among 119 developing countries, lagging behind countries such as North Korea and Iraq, said the global hunger index report released by Washington-based International Food Policy Research Institute (IFPRI) on Thursday. With a global hunger...

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Farmers sell pulses at a loss as wholesale prices dip below MSP -Sayantan Bera

-Livemint.com Wholesale prices of just-harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output New Delhi: Wholesale prices of just harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output, forcing farmers to sell their produce at a loss in states such as Rajasthan. For instance, price data from wholesale markets available on the Agmarket website showed that on...

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Why farmers are likely to ignore Mohan Bhagwat's prescriptions on cattle-based farming -Roshan Kishore

-Livemint.com Drastic fall in ownership of male cattle in rural India is testimony to the benefits of farm mechanization in agriculture New Delhi: Delivering his customary Vijayadashami speech, the Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat advised farmers to adopt “cow-based farming” practices as a way out of poverty. “When we talk about farming with less capital, organic in nature, naturally the point is raised that the large number of farmers in our...

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