-Firstpost.com After Maharashtra, Madhya Pradesh has now been rocked by farmer unrest. At least six farmers were killed and eight others were critically injured on Tuesday when the police resorted to firing to subdue the protesting farmers in Mandsaur in Madhya Pradesh. In both Maharashtra and Madhya Pradesh, the farmers’ demands are almost similar: they want complete farm loan waiver as a short-term palliative and secondly, institutionalised mechanism for getting better prices...
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MS Swaminathan, father of Green Revolution, interviewed by Prabodh Krishna (BusinessWorld)
-BusinessWorld.in The recent past saw upsurge of farmers in Maharashtra and Tamil Nadu over demands of implementing Swaminathan Commission's recommendation and the protests are fast spreading their arms in other states as well Keeping in mind that more than half of the Indian population depends on agriculture but the share of agriculture in GDP is nowhere near expectation, in 2002 the then National Democratic Alliance Government led by Atal Bihari Vajpayee called...
More »It's DeMo effect, says Singh
-The Telegraph New Delhi: Former Prime Minister Manmohan Singh today directly linked the slowdown in growth to demonetisation, pointed out that private investments had almost dried up and expressed deep concern over a jobs crunch. The most authoritative Opposition voice on the economy was speaking at the Congress Working Committee meeting, five months after describing demonetisation as "organised loot and legalised plunder" and warning that growth would be severely affected. "India's GDP numbers...
More »Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »GDP flop-show: Manmohan Singh has the last laugh in war of words with Narendra Modi over note ban -Dinesh Unnikrishnan
-Firstpost.com If one purely compare the January-March quarter GDP growth of fiscal year 2017 and fiscal year 2016, former Prime Minister Manmohan Singh’s prediction that demonetisation will shave off 2 percentage points of India’s GDP has come true. In the January-March quarter of FY16, GDP grew by 9 percent, which has come down to 6.1 percent in the corresponding quarter this year— a near 3 percentage point difference. Even the full...
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