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IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India

-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...

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Move to cash transfers will lead to savings, put agriculture on sustainable growth path -Ashok Gulati

-The Indian Express All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union budget for agri-reforms will remain mere rhetoric. Although the Union budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of...

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Why food inflation may turn sticky -Sayantan Bera

-Livemint.com * Despite the slowdown in rural demand, the spike in food prices is not showing any signs of cooling. Here’s why * This is the best time for the budget to address the volatility in food prices. Reliable market intelligence on crop production and timely advisories to farmers can help stabilize prices New Delhi: For more than five years now, the Indian countryside has only heard stories of anguish. Consecutive years of...

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One state, one ration card: MP reforms its Aadhaar-enabled PDS, helps migrant workers -Milind Ghatwai

-The Indian Express Madhya Pradesh government has now found a solution. Under the Aadhaar-enabled PDS, the respective grain quota is given to the nominee after verification of his biometric details. It’s not uncommon for beneficiaries of the public distribution system (PDS) to miss out on their quota of monthly food grains for reasons ranging from disability to old age to failure of the biometric verification system. But the Madhya Pradesh government has now...

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Guaranteeing healthcare, the Brazilian way -Miguel Lago & Arthur Aguillar

-The Hindu Its success in getting universal coverage has lessons for India As Brazilian President Jair Bolsonaro visits New Delhi this Republic Day, one interesting field of cooperation to explore in the strategic partnership is healthcare. Achieving universal health coverage is a very complex task, especially for developing countries. Here, the example of Brazil, the only country where more than 100 million inhabitants have a universal health system, is worth studying. It...

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