-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...

-News18.com CCEA in its meeting on Wednesday approved an increase in MSP for summer crops, especially paddy and dal, as a move to fulfil its Budget promise and address farmers' concerns about the cost of crops. New Delhi: The Cabinet’s decision to increase minimum support price (MSP) for Kharif crops, intended to appease farmers, does not seem to have struck the right chord. CCEA in its meeting on Wednesday approved an increase...

-Livemint.com Agriculture is not only crucial for what happens to growth, inflation and rural distress, it is also politically important given the simmering discontent among farmers in the last two years Last week, the India Meteorological Department (IMD) declared that the south-west monsoon has covered the entire country, 15 days earlier than normal. This may be a cause for celebration considering the distress in agriculture in the last four years. Agriculture is...

-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...

-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...