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What a sharp rise in inflation rate amid spike in food prices means -Prabhat Patnaik

-Newsclick.in Even as the growth rate of the Indian economy is slowing down, and the index of industrial production (IIP) is actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in the economy has started accelerating. Significantly, the acceleration in inflation has been the sharpest precisely during these very months when the contraction in industrial output has been the...

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The Seed Bill needs to be tweaked to serve the interests of all stakeholders better -Ram Kaundinya

-The Hindu Business Line The proposals relating to registration of seed varieties and powers granted to the government to fix prices in some situations need a relook Seed is the primary input of a productive agriculture set-up. No one can deny the fact that the seed industry has been at the centre of the significant advances made in agriculture in the last four decades and will continue to do in the years...

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Floor-wage formula worries workers -Basant Kumar Mohanty

-The Telegraph Trade unions insist that there should only be a binding minimum wage instead of a dual wage rate The draft rules for the implementation of a new wage law have kept the criteria opaque for deciding the floor wage, binding across the country, prompting fear that it will allow the states to pay “distress wages” to workers. The trade unions are unhappy with the concept of a dual wage rate —...

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Ashok Dalwai, CEO, Doubling Farmers' Income Committee, interviewed by Rajalakshmi Nirmal (The Hindu Business Line)

The Hindu Business Line In an article on Monday, this writer pointed out how it is a challenging task to double farmers’ income, given the fall in output prices and the higher cost of farm inputs. In an interview, Ashok Dalwai, CEO, Doubling Farmers’ Income Committee, talks about the various measures the Centre is taking to ensure it is on the right track and reaches its target by 2022. According to...

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Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14 -Kirtika Suneja

-The Economic Times The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17. NEW DELHI: The share of agriculture, forestry and fishing declined to 17.9% in India’s gross value added (GVA) in 2016-17 from 18.6% in 2013-14, the ministry of statistics and programme implementation (MoSPI) said in a report. “The share of this sector in overall GVA...

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