-PTI Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours. Businesses on Thursday asked the government for a stimulus package of over Rs 1 trillion to restart investments and revive the economy. Industry leaders, who met Finance Minister Nirmala Sitharaman in New Delhi for three hours, said the government will soon take action to boost economic growth. "The economy requires a critical intervention by introducing a stimulus package. We have...
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Zero Budget Natural Farming: Another Case of 'Raw Wisdom' Over Science? -Kabir Agarwal
-TheWire.in The Centre says the method will improve crop productivity and reduce input costs, but it remains unclear which scientific studies – if any – these conclusions are derived from. New Delhi: During her budget speech in July, finance minister Nirmala Sitharaman responded to widespread farmers’ distress by saying that they would be encouraged to adopt a ‘zero budget’ technique that would take India’s agriculture sector ‘back to basics’. Zero-budget natural farming...
More »The Indian economy is blaring warnings, but the Modi government remains in denial -Jayati Ghosh
-Scroll.in/ qz.com While the government was busy celebrating cosmetic measures like ‘ease of doing business’ ranking, the real economy tanked. Suddenly, it seems like everything is shrinking in India: our capacity for tolerance and diversity, the space for democratic expression and dissent – and now, economic growth. The warning signs have reached a point where they cannot be ignored any longer and more people, including prominent business leaders, are speaking out. Yet, at...
More »'Accelerating exodus from farming key to achieve target of doubling income' -Richard Mahapatra
-Down to Earth To double farmers’ income reduce the number of farmers, suggest policy makers Among senior officials in the Union government and members of the Niti Aayog, conversations now start and end with one subject: “doubling farmers’ income by 2022”. Clearly, the obsession with open defecation-free India is over as, unofficially, India has achieved the target before the October 2019 deadline. But the new target to double farmers’ income by 2022 has...
More »Dial 'M' for Manufacturing -Santosh Mehrotra & J Parida
-The Hindu The recent PLFS data, which show a historic decline in manufacturing employment, make one fact plain — India desperately needs a comprehensive industrial policy, absent since 1991 The Union Budget suggests that the government has not recognised the need to create more manufacturing jobs. For the first time ever, manufacturing jobs fell in absolute terms between 2011-12 and 2017-18, to quote the Periodic Labour Force Survey (PLFS) of the National...
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