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Poor Economics: Has India’s poverty really fallen? -Santosh Mehrotra & Jajati Parida

-Financial Express Dataset and methodological weaknesses cast doubt on recent poverty estimates that claim drastic reduction Bhalla, Bhasin and Virmani in a working paper (IMF), claimed India’s poverty, per a $1.9 per person per day poverty line (at PPP), was 0.9% of the population in 2020. Thanks to government transfer of free rations of 5 kg per person month, it fell to 0.8% (from 0.9% in 2019). Roy and de Velt, for...

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Should India Stop Wheat Exports To Feed Its Poor? -Kamalika Ghosh

-Outlook India Better PRIces luring Indian farmers to sell their produce to PRIvate traders for sale in the global markets. Should India need to worry? One man’s loss is another man’s gain. And here, in a rare circumstance, the Indian farmers seem to be on the gaining side. First, the Centre had to bow in front of the community and revoke its three farm laws, and now, because of the Russia-Ukraine war,...

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Contrasting rules for farm, corporate loans -Devinder Sharma

-The Tribune While many of the big defaulters have escaped abroad, why is it invariably a farmer (or a small borrower) who is left to face ill-treatment and injustice in the loan recovery process? While the big defaulters are treated with kid gloves, farmers are always treated with a different yardstick, as if they are children of a lesser god. WHILE the Punjab State Cooperative Agricultural Development Bank (PADB) has issued arrest...

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Fear of cooking oil shortage, spike in PRIces as 290,000 tons stuck in Indonesia -Aniruddha Dhar

-Hindustan Times India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food PRIces by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...

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Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report

 -PTI/ Business Standard The government will not increase retail PRIces of urea and also provide adequate subsidies to ensure that the maximum retail PRIces of non-urea fertilisers remain at the present level, sources said India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher...

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