-TheWire.in Most of the outreach efforts of the finance ministry to explain and create awareness about the GST have been with the bigger industry players. It is becoming increasingly clear that that neither the Centre nor states are adequately prepared to launch the goods and services tax (GST) on July 1. The sheer multiplicity of taxes, as also different tax slabs for the same commodity or service, is a problem which has...
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Why are Madhya Pradesh farmers protesting despite record growth? -Dipti Jain
-Livemint.com The earnings of an average farm household in Madhya Pradesh remains among the lowest India, although farmers have gained from rapid agricultural growth Mumbai: Protests by farmers across India amid bumper harvests have surprised many. The biggest source of surprise has been one of the hotspots of the protests, Madhya Pradesh (MP), a state that has posted record agricultural growth over the past several years. A Mint analysis shows that although farmers...
More »Economic forecasting is not a science -Prashanth Perumal
-The Hindu India lost its tag as the ‘world’s fastest-growing economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter...
More »Getting back on the growth track -C Rangarajan
-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years. The differences are in...
More »Why a problem of plenty is hurting India's farmers -Soutik Biswas
-BBC Farmers are on the boil again in India. In western Maharashtra state, they have been on strike for a week in some seven districts now, spilling milk on the streets, shutting down markets, protesting on the roads and attacking vegetable trucks. In neighbouring Madhya Pradesh, curfew has been imposed after five farmers were killed in clashes with police on Tuesday. Last month, farmers in southern Telangana and Andhra Pradesh staged protests...
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