-The Tribune FarMers are determined to take it to a logical conclusion SOMETHING unusual happened last week. FarMers in Maharashtra organised an amazing ‘strike’. Last month farMers in a village of Ahmednagar decided that they would stop sending their produce — food grains, vegetables, etc. — to cities from June 1. Soon, the call was adopted by the farMers of the entire district. Before anyone could realise, this resolve had extended to...
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How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of growth of bank credit was 12.1%. That...
More »Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farMers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »Is there a reason to cheer record horticulture harvest? -Sayantan Bera
-Livemint.com Fiscal 2017 marks the fifth straight year when production of horticulture crop surpassed that of foodgrains New Delhi: Latest numbers from the agriculture ministry released on Tuesday showed that production of horticulture crops like fruits and vegetables touched a record high of 295 million tonnes in 2016-17. Apart from being higher than foodgrain production estimated at 273 million tonnes during this period—another record i.e. 2016-17 marks the fifth straight year when...
More »The Indian economy finally bares its demonetisation scars -Manas Chakravarty
-Livemint.com Very low GDP growth in the fourth quarter indicates that the slowdown is likely to persist in the current quarter as well Finally, the impact of demonetisation is visible in the gross domestic product (GDP) numbers. Gross value-added (GVA) growth at constant prices fell to a Mere 5.6% in the fourth quarter of fiscal year 2017 (FY17), clearly showing the scars of demonetisation on the economy. That’s not all. The headline growth...
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