-Deccan Chronicle The finance minister said the agricultural output of the country is at a record high and wage of farmers will be doubled by 2022. New Delhi: The Narendra Modi-led NDA government presented the Union Budget 2018-19 on Thursday. In the last full-fledged Budget of the BJP government Finance Minister Arun Jaitley tabled a lot of proposals for the agriculture and the rural economy. For agiculture sector, the Budget 2018...
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Raghuram Rajan opens up on what's working and what's not working for India
-The Economic Times Just after Prime Minister Narendra Modi showcased a democratic and developing India to the global leaders at the annual meet of World Economic Forum at Davos in Switzerland, India's former RBI governor Raghuram Rajan punctured Modi's India pitch. Modi said,"In India, 'Democracy, Demography and Dynamism' together are shaping the country's destiny and leading it towards the path of Devepolment." He also said, "Our Mantra is 'Reform, Perform And Transform." However,...
More »Potato portents -Ajay Vir Jakhar
-The Indian Express The crisis in the crop’s prices in two of the four years of the Modi government illustrate that farmers no longer matter to it. Farmers are habitually great raconteurs. My grandfather would often narrate an episode, when he encountered a farmer sitting by a heap of potatoes in the middle of the night. On investigating what compelled the farmer to guard potatoes when there were no buyers, he was...
More »ISMA raises sugar output estimate by 4% to 26 mn tonnes due to good monsoon -Dilip Kumar Jha
-Business Standard Mills' body alarmed at likely fall in price; ask govt to negotiate for export to neighbouring countries Mumbai: With a sharp increase in output in the first three months of the current cane crushing season, the Indian Sugar Mills Association (Isma) has raised the country's production forecast by four per cent or one million tonnes to 26.1 mt for 2017-18 (October-September). It has also begun lobbying with the government on early...
More »FRDI Bill: Dispelling some myths about bail-in and other issues to allay depositors' concerns -Shohini Sengupta
-Firstpost.com The Financial Resolution and Deposit Insurance (FRDI) Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency. The 'Resolution Corporation', proposed in the draft bill, would look after the process and prevent the banks from going bankrupt. It would do this by "writing down of the liabilities", a phrase some have interpreted as a...
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