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The silver lining

-The Business Standard Contrary to earlier claims, farm growth may be robust The projection by the Commission for Agricultural Costs and Prices (CACP) of robust agricultural growth of above five per cent and a consequential handsome rise in rural incomes comes as a silver lining to India's otherwise gloomy economic scene. The CACP's reckoning, based on a rigorous mathematical model, virtually discounts the agriculture ministry's kharif crop output estimates (called first advance...

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Electronic payment can save 1.6% of India's GDP: WB-Somesh Jha

-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...

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Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth

-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and Mobiles, in particular, could rise...

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The Throneless...-Uttam Sengupta

-Outlook The faecal matter hits the rotary blades, politically-but we're still staring at a sanitation disaster "Indians defecate everywhere. They defecate mostly besides the railway tracks. But they also defecate on the beaches; they defecate on the hills; they defecate on the river banks; they defecate on the streets; they never look for cover." -V.S. Naipaul An Area of Darkness, 1964 Not...

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Punch in recipient's Aadhaar number to transfer funds

-The Economic Times MUMBAI: Bank account holders can now send money to any individual through Mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The transfers can be done using the most basic phones through SMS for small amounts or through Mobile banking apps for amounts over Rs...

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