-Business Standard GVA growth at 2-year low of 5.6%; Farming only bright spot India’s economic growth fell to 6.1 per cent in the fourth quarter (Q4) of 2016-17 (FY17), primarily because of demonetisation adversely affecting economic activity. This was at least a four-quarter low. The sectors worst affected were construction and financial services. Without indirect taxes, growth figures would be more dismal. Gross value added (GVA), the difference between gross domestic product...
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Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
More »Social impact of demonetisation may have been greater: World Bank
-The Hindu Greater data availability, especially on labour markets, needed to better gauge social impact of such policies The World Bank has said the social impact of demonetisation may have been greater as the informal economy was likely to have been hit especially hard. However, the Bank said the impact of demonetisation on the informal economy was difficult to measure and greater data availability, especially on labour markets, is needed to...
More »Tears of joy: How onion Farming is helping Madhya Pradesh's Korku Adivasis tide over drought -Rohit Jain
-Scroll.in Growing the traditional maize and soya bean crops is no longer economically viable. “The land is thirsty, the Korku is hungry,” goes the refrain of the Korku Adivasis in the Satpura forest in Madhya Pradesh’s Khandwa district. An unrelenting drought since 2014 has parched the Korku farmland, driving a population of over 40,000 spread across 100-odd villages to desperation. In Khari village, for example, more than half the farmers have been forced...
More »Rajasthan bats for super-grain quinoa -TV Jayan
-The Hindu Business Line Crop gets Rs. 50,000 to Rs. 1 lakh per quintal Jaipur: As part of its crop diversification efforts, Rajasthan will encourage over 50,000 farmers to take up cultivation of super foodgrain quinoa this year, said State Agriculture and Animal Husbandry Minister Prabhu Lal Saini. Rajasthan State Seeds Corporation, which engaged some farmers to grow quinoa seeds on an experimental basis, has managed to raise over 20,000 quintals of seed...
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