-The Economic Times PUNE / NEW DELHI: Present weather conditions indicate possibility of a normal monsoon in 2017, although there is a chance of a weak El Niño — a weather phenomenon associated with poor rains in India — emerging towards the end of the rainy season in September, the weather office has said. However, the monsoon forecast may not remain comfortable if El Niño makes an early appearance. Having briefly emerged from...
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GDP data: The plot thickens -Udit Misra
-Business Standard Data presents a rosy picture but fails to convince New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue...
More »'Punjab exporting precious water via rice cultivation' -Vibhor Mohan
-The Times of India CHANDIGARH: Punjab has been exporting its underground water (to the rest of India) in the form of rice. This strong statement has come from one of Punjab's respected economists R S Ghuman in his study titled 'Water Use Scenario in Punjab beyond the Sutlej-Yamuna Link Canal'. The study was published in 'Economic & Political Weekly' journal in its January edition and some of its observations are crucial at...
More »Timely policy measures, monitoring helped in boosting farm output
-The Economic Times NEW DELHI: Active policy intervention in agriculture and rigorous monitoring of farm operations from planting to harvesting in a good monsoon year helped Indian farmers increase India’s food output at a much faster pace in 2016-17 than previous peaks in production, officials said. Farm output rose 8.1% to a record of 272 million tonnes in the current crop year. This is much more than the previous significant increase in...
More »MSPs should have an expiry date, but job is tough: Arvind Subramanian
-PTI New Delhi: Chief Economic Advisor (CEA) Arvind Subramanian today took the line that the minimum support price on foodgrains for farmers should not continue forever and there should be an "expiry date". "Minimum support price (MSP) originally came into being because we had a big problem of lack of self-sufficiency in foodgrain production. It (MSP) was used as means of providing incentives to farmers. It has been successful. We no longer...
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