-The Hindu CM’s economic advisory team studies model for replication. A sustainable natural farming system adopted in southern Rajasthan’s Banswara district, which has created new livelihood sources and brought food security to indigenous tribal communities, has impressed the Chief Minister’s Economic Transformation Advisory Council. The model is being considered for replication elsewhere in the State. A 20-member team of the Council visited Banswara district’s Amlipara village earlier this week to study the techniques...
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NSO estimates FY22 GDP growth at 9.2%
-The Hindu COVID-19 could impact final numbers, says the National Statistical Office. India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released on Friday, amid concerns over the likely impact of a third wave of the COVID pandemic. The NSO, however, made clear that these were “early...
More »Are we overestimating the fiscal boost to the economy? -Roshan Kishore
-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
More »The politics of a Minimum Support Price -Varghese K George
-The Hindu Facilitating a bargain between wealth accumulators and welfare seekers seems to have become the key function of politics A new election season is around. Five States (Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab) will elect new Assemblies and Chief Ministers in the coming weeks. Parties are wooing voters with dazzling new promises. The Aam Aadmi Party leader, Arvind Kejriwal, is offering ₹1,000 a month to all adult women (above age...
More »Agriculture needs a separate budget -B Yerram Raju
-The Hindu Business Line Agriculture is too diverse a subject for it to be compressed into a sub-section of the regular budgets of the Centre and States During the last five years, the Budget allocation to agriculture has seen positive shifts consistent with the Centre’s role in research, marketing, exports, and agricultural education. In the light of the farm reform Bills’ repeal, is it not the right time to formulate a separate...
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