-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global Growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s Growth in the coming year from -5.8% to -8.5%....
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MGNREGA average income doubled in April-July -Elizabeth Roche
-Livemint.com The April-July period typically sees 25% greater work execution (in terms of person-days) under the scheme compared with the rest of the fiscal, thereby aiding rural income, the Crisil report said The average income per person per month under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) doubled to ₹1,000 in the first four months of this fiscal from ₹509 in the previous year, ratings and research agency Crisil said...
More »For the first time, farm sector set to grow even as GDP sees a contraction -Harish Damodaran
-The Indian Express The country’s GDP registered an annual decline, at minus 5.2%, last in 1979-80. But that year also recorded negative Growth for agricultural GDP, at minus 12.8%. April-June may be the first time that India’s economy would contract year-on-year since the government started coming out with quarterly estimates of GDP from 1996-97. But the data for the quarter, to be released by the National Statistical Office on August 31, could...
More »India’s Thar desert is turning green. That isn’t a good thing -Rishika Pardikar
-Scroll.in The trend is also linked to recent locust outbreaks, as large quantities of vegetation provide food for locust swarms. Ravindranath lives in the heart of the Thar desert in India. He and his family are agropastoralists – people who grow crops and rear livestock – in the village of Kalu in Bikaner district, Rajasthan. But the dry grasslands that people like Ravindranath have depended on for centuries for pasture are slowly being...
More »Why farmers are not cheering their exceptional feat this kharif season -Richard Mahapatra
-Down to Earth Highest rice acreage in six years, more farmers in farms, a bounty monsoon and an expected bumper harvest don't enthuse farmers as their earning dips It is a piece of news that everybody would love to cheer about, except those who made this possible. The current kharif season is exceptional. In comparison to last year, over eight million more hectares of farms are under cultivation this season. There are more...
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