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Note ban has and may continue to result in a slowdown, warns SBI

-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term...

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Farmer's protest: Fault lines in the fields -Mahesh Langa & Jayant Sriram

-The Hindu From a persisting cash crunch due to demonetisation to a price free fall because of a bumper produce, it’s a big bag of woes for farmers in Madhya Pradesh and Maharashtra. Mahesh Langa and Jayant Sriram report on the gathering storm as their protests for a fairer deal threaten to escalate Abhishek Patidar, 19, had just passed his Class 11 exam this year with dreams of becoming a doctor. His...

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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...

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UP farm loan write-off sowed seeds of stir?

-The Times of India Demands for loan write-offs being stonewalled by the government seems to be the primary reason driving the country's farm folk to protests that are periodically degenerating into violence. Additionally, the governments' unwillingness to increase the minimum support price (MSP) to check food-induced inflation that would impact voters, too, could be a factor. While UP government's decision on April 12 to announce loan waiver for the state's three crore farmers...

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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...

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