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Over One Lakh Farmers and Workers Are Marching in Delhi. Here's Why. -Kabir Agarwal

-TheWire.in Organised by the All India Kisan Sabha, the farmers' and workers' demands range from an upward revision of minimum wages to remunerative prices for peasants. New Delhi: On August 29, Vijoo Krishnan, joint secretary of the All India Kisan Sabha (AIKS), was nervous. He reached the Ramlila Maidan in the evening and found it almost entirely submerged under water due to consistent rainfall and poor drainage mechanisms. “I thought to myself,...

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Petrol, diesel prices at highest-ever levels on rupee woes

-PTI New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ?a 31 paise/litre hike in prices on Monday. Rates have breached...

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Consumption-driven GDP growth unhealthy for Indian economy -Manas Chakravarty

-Livemint.com A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth Economic growth of 8.2% for the June quarter may have beaten all estimates, but the big question is: what kind of growth is it? Is the economy firing on all the engines of domestic consumption, investment demand and external demand? Let’s look at the numbers. The anecdotal evidence of a spurt in consumption growth...

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GDP Growth Rate: A Crown of Thorns -Subodh Varma

-Newsclick.in It is bizarre that the recent GDP numbers are being celebrated even as there are no jobs, workers wages are frozen and farmers are demanding better prices. There is much celebration in government circles and, of course, in the mainstream media, that in the first quarter of 2018-19 (April to June 2018), the GDP growth rate picked up to touch 8.2% compared with the same quarter last year (April to June...

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Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans

A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

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