-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term...
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Farmer's protest: Fault lines in the fields -Mahesh Langa & Jayant Sriram
-The Hindu From a persisting cash crunch due to demonetisation to a price free fall because of a bumper produce, it’s a big bag of woes for farmers in Madhya Pradesh and Maharashtra. Mahesh Langa and Jayant Sriram report on the gathering storm as their protests for a fairer deal threaten to escalate Abhishek Patidar, 19, had just passed his Class 11 exam this year with dreams of becoming a doctor. His...
More »World Environment Day: Despite increasing green cover, India is losing its forests -Malavika Vyawahare
-Hindustan Times Between 1880 and 2013 India lost about 40% of its forest cover. Today, 24% of its area is under forests or 7 lakh sq km, according to government data. The area under forest and tree cover has grown by 5,081 sq km between 2013 and 2015. “Do not erect a memorial when I die, but plant a tree if you loved and respected me,” Union environment minister Anil Madhav Dave...
More »Reversal Of Fortunes: From net farm exporter to net importer -Harish Damodaran
-The Indian Express Between 2013-14 and 2016-17, India’s exports of agricultural commodities have dipped from $43.2 billion to $33.8 billion, even as imports have climbed from $15.5 billion to $25.6 billion Falling exports and rising imports — this has been the story of the country’s agricultural trade over the last three years, notwithstanding the Narendra Modi government’s ambitious Make in India initiative. Between 2013-14 and 2016-17, India’s exports of agricultural commodities have dipped...
More »Note ban effect: GDP growth enters slow lane in Q4 at 6.1% -Ishan Bakshi & Indivjal Dhasmana
-Business Standard GVA growth at 2-year low of 5.6%; Farming only bright spot India’s economic growth fell to 6.1 per cent in the fourth quarter (Q4) of 2016-17 (FY17), primarily because of demonetisation adversely affecting economic activity. This was at least a four-quarter low. The sectors worst affected were construction and financial services. Without indirect taxes, growth figures would be more dismal. Gross value added (GVA), the difference between gross domestic product...
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