-The Indian Express The picture is completed by the Pradhan Mantri Fasal Bima Yojana (crop insurance) and e-market platform that he is going to launch on April 14. For the last two months, the Narendra Modi government seems to have gone into an overdrive to appease farmers. Several farmer rallies have been organised and the common theme has been the PM’s “dream” to double the incomes of farmers by 2022. According to...
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Government increases wages for NREGS by about 6%, no revision in pay calculation formula -Ruchika Chitravanshi
-The Economic Times NEW DELHI: The government has dropped the idea of changing the wage calculation formula for its flagship rural jobs programme but has increased the wages about 6% for 2016-17. It has increased allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme 4% to Rs 38,500 crore for 2016-17 compared to that in the current fiscal. The scheme would have required an additional Rs 2,000 crore had the...
More »Inflation higher in poorer states
-The Financial Express This is a double whammy for the poor. Despite a fall in retail Inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail Inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail Inflation...
More »Government slams ‘factually incorrect’ Assocham wheat report -Vishwa Mohan
-The Times of India NEW DELHI: The government on Saturday slammed the country's trade association Associated Chambers of Commerce of India (Assocham) for releasing a "factually incorrect" report estimating lower wheat production in India and said "such incorrect information is being publicized with a view to compel government to reduce import duty on wheat." The Associated Chambers of Commerce and Industry of India (Assocham) recently came out with a paper, claiming that...
More »Rains, hailstorms may cause 13 million tonnes damage to wheat output, forcing govt. to go for imports: ASSOCHAM
-Business Standard - Capital Market Unseasonal rains accompanied by hailstorms are creating havoc for Indian farmers year after year even as the country faces shortfall in wheat production by around 13 million tonnes from the initial estimates of 93.8 million tonnes in the current crop year and the development may force the government to consider imports of the staple grain as well, according to an ASSOCHAM paper. "The shortfall in production...
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