Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »SEARCH RESULT
Total Matching Records found : 849
Lessons from Vietnam and Bangladesh -Ajay Srivastava
-The Hindu With reforms promoting innovation and lowering the cost of doing business, India is poised to attract the best investments Vietnam and Bangladesh are on a roll. While Bangladesh has become the second largest apparel exporter after China, Vietnam’s exports have grown by about 240% in the past eight years. What has helped them? And what can India learn from them? Two nations and their success stories An open trade policy, a less...
More »Wealth Inequality in a Capitalist Society -Prabhat Patnaik
-Newsclick.in Two taxes – inheritance and wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ Incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
More »Farmers’ suicides highest in Maharashtra despite loan waiver, reform measures
-The Indian Express In 2017, then Maharashtra chief minister Devendra Fadnavis announced the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojna, a farm loan waiver of Rs 35,000 crore for 89 lakh farmers. Mumbai: DESPITE various farmer welfare schemes, including a loan waiver in 2017, Maharashtra recorded 3,927 farmers’ suicide in 2019 — the highest in the country, which registered a total of 10,281 suicides in the farm sector last year, according to data...
More »The men behind APMC, MSP and procurement -Harish Damodaran
-The Indian Express The idea of a Minimum Support Price for crops came first from a visiting US soil scientist and fertiliser expert The institution of ‘mandis’ is as old as markets where wholesale trading in primary produce has been taking place since time immemorial. APMCs or Agricultural Produce Market Committees are of more recent vintage and the creation of Sir Chhotu Ram. In 1939, the legendary farmer leader, as Development Minister in...
More »
