-The Telegraph Below-normal and drought are the new normal. Since 2012 there has only been one normal monsoon. Monsoons follow their own patterns, unpredictable as they may be. In the past, certain periods, spanning a decade or sometimes two, have had higher frequencies of droughts and at the moment, we seem to be stuck in such a cycle. Between 1900 and the year 2000, there was one drought per decade. But...
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Why the Core of ex-CEA's Argument on India's GDP 'Overestimation' Stands -Prabhat Patnaik
-Newsclick.in After economic liberalisation, barring a brief hiatus, the growth rate has scarcely moved up compared with earlier, with manufacturing -- the sector that counts most -- often logging lower growth than before. The “gross domestic product” (GDP) is a concept rooted in an epistemic position which is intrinsically incapable of recognising the existence of a “surplus” in society. A simple example will make this clear. Suppose we have an agrarian economy...
More »Tur dal price jumps 20% in past 2 months, hits Rs 100/kg in retail -Dilip Kumar Jha
-Business Standard Unlikely to rise further as the government allowed imports, release stock held by Nafed Mumbai: With its price shot up sharply in the last few weeks, tur dal has started slipping out of consumers’ plate steadily. Data compiled by the Union Ministry of Food, Consumer Affairs and Public Distribution showed the maximum tur dal prices across the country is at Rs 110 a kg on higher side and average or model...
More »Agri Ministry projects record rice, wheat output for 2018-19
-The Hindu Business Line Third estimates peg total foodgrain output at 283.3 mt despite below-par monsoon rain Rice and wheat production in the country scaled new heights taking total foodgrain output in 2018-19 to 283.37 million tonnes (mt), a tad lower than the 285 mt foodgrains produced in the previous year, according to the third advance foodgrain estimates released by the Agriculture Ministry on Monday. Despite a below-par monsoon, rice output was projected...
More »No change in MGNREGA wage rates observed between 2018-19 and 2019-20 for 4 states & 2 UTs
Non-payment of MGNREGA wages on time to workers and non-revision of daily wage rates, among other things, have kept the poor away from the programme in many states. When the notified daily wage rates under the Mahatma Gandhi National Rural Employment Guarantee (2005) Act (MGNREGA) for 2019-20 was announced on 26th March 2019, it became clear that the existing wage rates were not revised (viz. as compared to 2018-19) in...
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