-Livemint.com Low incomes and poor farm-gate prices capture the reality of relentless distress in our hinterland National accounts data released last month estimated that the economy has contracted by 7.5% in the second quarter of 2020-21 compared to last year. For many, this was a sign of recovery, given expectations that India’s gross domestic product (GDP) would contract by around 10%. It is, no doubt, an improvement from the 23.9% GDP decline...
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Why do Farmers Fear a Threat to Their Lands? -Shinzani Jain
-Newsclick.in The agitating farmers have time and again voiced apprehensions about losing their land. Will the implementation of the Farm Laws enforce such a change? On December 8, more than 50 lakh people were estimated to have observed a countrywide Bharat Bandh at around 20,000 protest sites, in as many as 22 states in India. The farmers were joined in their agitation by mass organisations, trade bodies, sectoral federations, and about 24...
More »101 PSUs give Rs 155 crore from their staff salaries to PM fund -Shyamlal Yadav
-The Indian Express Overall, the RTI responses show, 24 PSUs gave Rs 1 crore or more to the fund from staff salaries. New Delhi: APART FROM over Rs 2,400 crore in Corporate Social Responsibility (CSR) funds, over 100 PSUs from across sectors have together contributed nearly Rs 155 crore from staff salaries to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund, RTI records accessed by The Indian...
More »Why should Indian agriculture be liberalised when in most countries governments subsidise it? -Christophe Jaffrelot and Hemal Thakker
-The Indian Express Without some support from the state, the smallest of Indian peasants would be even more vulnerable. On September 27, President Ram Nath Kovind gave his assent to three contentious farm bills passed by Parliament — The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 (FAPAFS), the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 (FPTC) and the Essential Commodities (Amendment) Act, 2020...
More »Q2 GDP shows surprising resilience: Is it good enough to last?
-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...
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