-The Hindu Business Line Using just wholesale price index as deflator could distort real GDP. Price indices for all inputs and outputs would work better Prior to the introduction of the all-India Consumer Price Index, popularly known as CPI combined (rural plus urban), the Wholesale Price Index (WPI) was the most useful price index in India. It measured the weekly rhythm of price movement in the country. Since 2009, WPI has been computed...
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Niti Aayog vindicates UPA's claims on poverty alleviation -Pranav Mukul
-The Indian Express The Niti Aayog's report, submitted before the United Nations, acknowledges that anti-poverty programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) helped weaker sections of the society. Vindicating the UPA government’s stand on pulling people out of poverty, India’s Voluntary National Review Report on the implementation of Sustainable Development Goals to the United Nations has said that sustained growth of 8.3 per cent from 2004-05 to 2011-12,...
More »Middle Earth Moguls -Pragya Singh
-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
More »100 days of Yogi: Adityanath falters on law and order promise in Uttar Pradesh as crime spikes -Prashant Jha and Rajesh Kumar Singh
-Hindustan Times But the Uttar Pradesh government isn’t panicking yet, and believes it can get things under control with tough measures, including encounters. Lucknow: A petrol pump owner looted; a trader murdered; jewellery shops robbed; a political leader killed; a constable shot; four members of a family -- including two girls -- hacked; a police sub-inspector beaten up; caste clashes erupt. Glance through local newspapers of Uttar Pradesh, and the headlines would be...
More »'Let them sell pakodas': Maharashtra farmers do not benefit from growing even high-priced tur now -Manas Roshan
-Scroll.in The minimum support price of Rs 5,050 per quintal barely covers the input cost, yet the going market rate is just about Rs. 4,500. Sudhakar Patil, 65, is a farmer in Bhayar Chincholi village in Maharashtra’s Osmanabad district. He cultivates a mix of tur, urad and moong on his 11-acre farm in the kharif season and chana and wheat in winter. In a good year, when there’s water in the...
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