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PM Modi May Decry 'Revdi Culture' – But it Still Runs Our Political Economy -Arun Kumar

-TheWire.in There is little doubt that the practice of handing out freebies undermines both democracy and development. But the problem doesn't lie just with the opposition. Constitutional authorities in India have recently spoken about key challenges the country is facing. The Chief Justice of India (CJI) has said that there is “diminishing” space for the opposition, that there was no longer any mutual respect between the Union government and the opposition, and that...

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MSP Revision a Betrayal of Our Movement, Covers Only Inflation Impact, Say Farmer Leaders -Ravi Kaushal

-Newsclick.in If rise in input costs is compared with new MSP, then in real terms, MSP has been reduced for 11 out 14 Kharif crops, the leaders said. New Delhi: Terming it a “cruel joke” on farmers, farmer organisations on Thursday said that the increase in minimum support price (MSP) of 14 crops for Kharif season 2022-23 announced by the Centre merely covers the impact of inflated prices of inputs including seeds,...

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Russia’s war in Ukraine is crushing Sri Lanka’s $81 billion economy -Anusha Ondaatjie

-ThePrint.in Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling forex holdings. Colombo: Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka...

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Real wage rates of the rural workers hardly increased during the last 6 years

In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...

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India reaps high growth from agriculture, allied products in FY22 -Subhayan Chakraborty

-Moneycontrol.com An intense focus on securing market access abroad and promoting Indian goods saw dozens of new products including Himachali millets and Chandauli’s black rice being shipped from India to several new destinations such as the UAE, and Denmark India’s agriculture and allied exports grew at a brisk 21 percent in the first eight months of the current financial year despite broken supply chains and various challenges brought about by the COVID-19...

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