-Livemint.com With sliding incomes, rural households are struggling to stay afloat and are curtailing consumption of essential goods Vidisha/ New Delhi: Ram Babu, who runs a hole-in-the-wall grocery store in Nateran village nestled deep inside Madhya Pradesh’s Vidisha district, doubles up as a daily wager. However, with villagers cutting on small purchases, sales in his shop are down. Moreover, landless households dependent on wage labour are unable to find work—a day of...
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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »IMF's 'Phantom FDI' destinations and the India connection -Sai Manish
-Business Standard IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to avoid paying taxes in their host...
More »A wider deficit is unavoidable to strengthen demand -Ajit Ranade
-Livemint.com Thankfully, India is enjoying a demographic dividend that gives it greater leeway for deficit-financing The dominant consensus on the slowdown in India is that we have a demand problem. Lack of aggregate demand is a phrase that goes back to John Maynard Keynes. He is a ghost who reappears from time to time, however much one tries to bury him. Regardless of whether you are a Keynes devotee or not, his...
More »Explained: The idea of 'zero-budget' farming, and why scientists are sceptical -Yashee
-The Indian Express Addressing the 14th Conference of Parties (COP14) to the United Nations Convention to Combat Desertification (UNCCD) on Monday, Prime Minister Narendra Modi mentioned that India was "focusing on Zero Budget Natural Farming (ZBNF)". In her Budget speech, Finance Minister Nirmala Sitharaman had spoken of the need to “go back to basics”, and to “replicate this innovative model (that) can help in doubling our farmers’ income”. The National Academy of...
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