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Indian economy in a tailspin: What went wrong -Asit Ranjan Mishra and Gireesh Chandra Prasad

-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...

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Make own strategy to double farmers' income: Centre to states

-PTI Union Agriculture Minister Radha Mohan Singh today urged states to chalk out their own strategy to achieve the target of doubling farmers' income by 2022. The centre has already come out with a four-volume report suggesting ways to boost farmers' income, which states will have to study and see how best it can be implemented in each state, he said. Not only productivity of various crops needs to be raised, but also...

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Onion prices fall 35% after I-T raids on Nashik traders

-The Times of India NASHIK: The average wholesale onion price fell by 35% at the country's largest wholesale onion market at the Lasalgaon Agriculture Produce Market Committee (APMC) on Thursday after the income tax department carried out surveys and searches in the offices, godowns and homes of seven onion traders in Nashik district of Maharashtra. After the sudden crash in wholesale onion prices, farmers stopped the auction at Lasalgaon and did...

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Uneven Mandi tax adds to GST burden -Madhvi Sally

-The Economic Times Even as the dust kicked up by the Goods and Services tax is yet to settle, traders and companies have to face another conundrum­­ an uneven mandi tax. So wide is the discrepancy that a company procuring grain had to pay 6 per cent tax in Punjab, 4 per cent in Haryana and 0.2 per cent in Madhya Pradesh. Industry says this will create an imbalance in the interstate...

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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)

-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...

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