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GDP conundrum -V Sridhar

-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...

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Direct action from the Budget mandates must reflect ground realities -Purvi Mehta

-The Economic Times blog In every Union Budget presentation, agriculture is given a place of prominence. This is not surprising, given that 50% of India’s population is dependent on agriculture. Budget 2017 was no different. Both the Economic Survey and the Budget speech stressed heavily on improving agricultural infrastructure and augmenting farmer incomes. The key Drivers expected to set this off are areas such as investment in irrigation infrastructure, development of mandis...

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'Ruined': Farmers hit as vegetable prices come crashing down after demonetisation -Chetan Chauhan

-Hindustan Times The government’s decision to scrap high-value currency has sent wholesale vegetable prices crashing to rock-bottom levels, bringing misery to millions of farmers hoping for good returns for their produce after two successive drought years. Onions sold for just Re 1 per kilogram in wholesale markets at Madhya Pradesh’s Neemuch and Mandsaur this week while tomatoes cost less than Rs 2 per kg in Andhra Pradesh and Chandigarh. A kilogram of cauliflower...

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Handlooms fall silent in Varanasi, $1 trillion hidden economy stalled

-Bloomberg At the heart of the problem is the way informal businesses like the Varanasi weavers make payments. Varanasi: In Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more than a dozen handlooms lie idle. Abedin is part of the collateral damage of Modi’s Nov. 8 decision to ban high-value currency notes, effectively cancelling...

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Breakfast for Rs 5, lunch for Rs 8: Vasundhara Raje launches Annapurna Rasois -Mohammad Hamza Khan

-The Indian Express The tagline for the scheme, named Annapurna Rasoi Yojana, is: “Sabke liye bhojan, sabke liye sammaan (Food for all, respect for all)”. Jaipur: Taking a leaf out of former Tamil Nadu CM Jayalalithaa’s book, Rajasthan Chief Minister Vasundhara Raje on Thursday launched a subsidised meal scheme in the state. The tagline for the scheme, named Annapurna Rasoi Yojana, is: “Sabke liye bhojan, sabke liye sammaan (Food for all, respect for...

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