-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and hotels. As per the order, which comes into force starting January 1, 2018, companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
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Has demonetisation hit micro-finance? -MS Sriram
-The Hindu Business Line Kirana and tea shops are doing better than businesses that involve discretionary spending The Micro-finance industry (MFI) is cursed and blessed at the same time. When there were indications that the micro-finance sector is overheating, with high growth rates, multiple lending and oppressive loan recovery practices, the withdrawal of specified bank notes (SBN) hit them. There were reports of stress from Uttar Pradesh and it appeared that there...
More »In fact: When the money stops -Harish Damodaran
-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...
More »From plate to plough: A thought for food -Ashok Gulati & Smriti Verma
-The Indian Express New FDI policy in food products is unlikely to be a game-changer by itself. Government must clear up the policy environment. n a rather bold move on June 20, the Modi government opened several key sectors such as defence, pharmaceuticals, civil aviation and food products to 100 per cent foreign direct investment (FDI). The objective behind this FDI policy is to attract higher investments, better technologies in manufacturing, commerce,...
More »LPG for every Indian household -Abhishek Jain
-The Hindu The Pradhan Mantri Ujjwala Yojana scheme, which recognises the importance of clean cooking energy, is welcome. But we need to focus on issues of cash flow, awareness, availability and administration Within a fortnight of the recently announced Union Budget, the Cabinet Committee on Economic Affairs approved the Pradhan Mantri Ujjwala Yojana, earmarking Rs. 8,000 crore for it, with the aim of providing five crore subsidised Liquefied Petroleum Gas (LPG)...
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