-The Hindu The latest GDP data released by the Central Statistics Office (CSO) raise more questions than they answer. While on the face of it, the projection of 7.6 per cent growth at constant prices for the fiscal year ending March 31 sounds both attainable and impressive, a closer look at the other sets of numbers, including the third-quarter reading, raises some flags. The pace of economic expansion is estimated to...
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Harbinger of change in global trade
-The Hindu The formal signing of the Trans-Pacific Partnership (TPP) by the 12 member-countries of the mega-regional free trade agreement is a milestone for international trade and, by extension, the global economy. With worldwide trade having slowed sharply since the 2008 financial crisis and now faced with headwinds from China’s slowdown, the deal, yet to be ratified, could provide a much-needed fillip to growth. As the World Bank noted in a...
More »How Sikkim could offer lessons to other states in organic farming -G Seetharaman
-The Times of India It's 8:00 am on a Sunday and outside Denzong Cinema in Gangtok's Lal Bazar, the otherwise languid atmosphere is punctured by grocers of two kinds. On one side of the cinema are those who sell vegetables, fruits and spices sourced from outside Sikkim, mostly from Siliguri, 115 km south in West Bengal. On the other side of the cinema, almost completing a triangle, are farmers from the...
More »Basmati rice Exporters demand government support to improve Exports -Jitendra
-Down to Earth International prices of basmati have been declining over the last two years With prices of grains and cereals plummeting worldwide, basmati rice Exporters have urged the Union commerce ministry to include packaged basmati rice in the Merchandise Export from India Scheme (MEIS). MEIS allows Exporters of certain goods access to “Free on Board (FOB)” value, which means the shipping charges are borne by the importer instead of the Exporter....
More »Bigger rural outlay to power growth: FM
-The Hindu Business Line 10 years on, MGNREGA to get more funds New Delhi: Barely three weeks ahead of Budget 2016-17, Finance Minister Arun Jaitley indicated that the government could increase budgetary allocations for rural and social schemes like the Mahatma Gandhi National Rural Employment Guarantee Act. The allocation may be even higher than the ₹35,000 crore allocated in 2015-16. “One engine to grow further, despite the global slowdown that has also impacted our Exports, can...
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