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How India lost its historic agriculture recovery growth phase in just four years -Richard Mahapatra

-Down to Earth Government reports say 2004-14 had the highest agriculture growth that has fast slipped back to near-zero growth despite normal monsoons and bumper yields The National Democratic Alliance government is scrambling to rescue the agriculture sector from a crisis never seen before. On January 10, Prime Minister Narendra Modi met over 100 economists in a first ever such interaction. Agriculture, rural economy and unemployment dominated the discussions. Modi’s promise of...

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Can Budget 2018 Set a Road Map For a Truly 'Good and Simple Tax'? -Rajul Awasthi

-TheWire.in While the nitty-gritties of GST work are handled by the council, slippage in revenues are a result of poor design, which is why a road map for reforming the GST is needed. I don’t envy finance minister Arun Jaitley. The fiscal situation is looking rather grim, with the fiscal deficit target amount for the entire year having already been exceeded by 12 percentage points, with a full quarter of the fiscal...

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How to double farmers income: This step is crucial to achieving target set by PM Modi -Pratap S Birthal & Jaya JuMRani

-The Financial Express By setting the target of doubling farmers’ income by 2022, the prime minister has clearly signalled a transition in agri-food policy from an excessive emphasis on foodgrain production towards improving welfare of the farming community. Given the continued excessive employment pressure, proliferation of small landholdings and growing agrarian crisis, this move is indeed an important change in the policy landscape. Doubling farmers’ income, however, requires identification of high-income...

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Food for reform -Ramesh Chand & Jaspal Singh

-The Indian Express Price fluctuation and low and unremunerative prices for farm produce can be addressed through competitive markets, and much-needed reforms. EXTREME volatility in the prices of some food commodities has, in recent years, been hurting producers as well as consumers, while also disrupting certain economic activities. The reason for this appears to be the waning influence of non-price factors (technology, irrigation, extension) in driving growth, and the role of prices...

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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)

-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...

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