-The Hindu Can the RBI’s reduction in borrowing costs help check the demand slowdown? India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. GDP growth is projected to have eased to 6.6% in the October-December period. With the CSO now forecasting the full-year expansion at 7%, fiscal fourth-quarter growth is implicitly pegged at an even slower 6.5%. At that level, growth...
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Tackling the agrarian crisis, differently -V Kumaraswamy
-The Hindu Business Line The focus must shift away from sops, to raising farmers’ income by promoting better seeds and rejuvenating soil health Agrarian crisis is staring on our face and, as usual, a flood of familiar suggestions have resurfaced. The political responses have been on expected lines. Fixing MSPs (minimum support prices) at 50 per cent over costs is as disastrous as it can get. There is no inherent incentive in cutting...
More »'Access to formal credit increases income of farmers' -TV Jayan
-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to institutional credit increases the per capita monthly consumption expenditure...
More »Only 3.32 lakh MSME jobs created in last four years, finds CII survey
-The Hindu Govt. data for 2012-2015 recorded 11.54 lakh new jobs The number of net jobs created in the Micro, Small and Medium Enterprises (MSME) sector in the last four years stood at just 3,32,394, which is 13.9% higher than the base four years ago, according to a CII survey of more than one lakh companies. The findings for the four-year period — beginning 2015-16 — pale in comparison with that from the...
More »No achhe din for the farmer -Ashok Gulati & Ranjana Roy
-The Indian Express When it comes to agriculture growth, the NDA government compares poorly with its immediate predecessor. The next government must initiate structural reforms, set realistic targets The Central Statistics Office (CSO) has released the second advanced estimates of national income for 2018-19, along with the quarterly GDP estimates for Quarter 3 (Q3). The overall GDP for Q3 is down to 6.6 per cent and for 2018-19 as a whole,...
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