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What’s wrong with crop estimates that were off-mark last crop year -Subramani Ra Mancombu

-The Hindu Business Line Experts say current manual methods are error-prone, moot scientific process The advance crop estimate made by the Ministry of Agriculture and Farmers’ Welfare usually differs between the first and subsequent three ones before it comes out with the final estimate. However, the difference has seldom caused problems in the agricultural markets or led to complaints of not reflecting what the trade has felt is the ground reality. But some...

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India sees sharp decline in IT sector's ability to fund trade deficit -Krishna Kant

-Business Standard A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit IT services are India's single biggest export and a key source of foreign exchange. But there has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise trade deficit and current account deficit. Please click here to...

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No proposal to charge UPI payments, says FinMin -Shayan Ghosh

-Livemint.com The Centre put to rest speculation following a recent RBI discussion paper on digital payment charges MUMBAI: The finance ministry on Sunday said the government is not planning to charge for payments through the unified payments interface (UPI) channel, putting to rest speculation following a recent Reserve Bank of India (RBI) discussion paper on digital payment charges. “UPI is a digital public good with immense convenience for the public and productivity gains...

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The Jute Press -Chandrima S Bhattacharya

-The Telegraph After decades, Bengal’s jute mills are witnessing a steady influx of women workers, The Telegraph on the troubles woven into the trend When an industry opens its doors to women workers, it can expose how regressive its factory floor is. The face of the jute industry in Bengal has changed over the last 50 years; now more than ever because of the large presence of women.  Once these mills were known...

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MSME definition to be modified, FISME calls for suggestions -Ananya Upadhyaya

-Financial Express Due to the steep rise in raw material prices, many small enterprises have crossed the threshold of small enterprises and graduated to medium, making them ineligible for government subsidies. Federation of Indian Micro and Small & Medium Enterprises (FISME) is calling for suggestions to put before the central government as they seek to revise the definition of Micro, Small and Medium Enterprises (MSMEs) in the country. The criteria for Udyam...

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