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From Plate to Plough: Lean year as a foundation -Ashok Gulati & Shweta Saini

-The Indian Express NABARD’s new survey offers a baseline to double farmers’ INComes. But is a survey done in a drought year a reliable yardstick? On August 16, NABARD presented the nation with a gift when it released the results of its All India Rural Financial INClusion Survey (NAFIS). Among other things, the survey estimates 2015-16 farmers’ INCome levels. In February 2016, when Prime Minister Narendra Modi presented his vision of doubling...

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Ploughing to progress -Viney Sharma

-The Tribune The lure for land at a reasonable rate and better funding options are drawing farmer-entrepreneurs from Punjab and Haryana to Canada The North American nation is drawing farmer-entrepreneurs in large numbers from India’s breadbasket — Punjab and Haryana. No, they aren’t the rich ones buying luxury villas in exotic locales. They are the aspiring ones who expect to hit pay dirt as authorities in the former English colony provide agricultural...

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Minimum support price: Unkept promises on cost mitigation, bad formula to determine MSP compound farm woes -Angarika Gogoi

-Firstpost.com Farmers across India are sceptical about the promised benefits of the minimum support price (MSP) promised by the government for their kharif crop. In a press release, the government announced that the MSP would be set at 50 percent over the cost of production and vowed to double farmers’ INComes by 2022. As Amrinder Singh Punia, a farmer and general secretary of the Punjab Agricultural University Kisan Club, points out, “Government...

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NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)

-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...

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ILO Wage Report Paints a Sorry Picture of Economic Inequalities in India -Anumeha Yadav

-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds sINCe 1993. But has this growth been distributed to lower economic inequality? Has the INCrease in wages matched the pace of growth...

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