-The Hindu Reviving the consumption demand and private investment has assumed the highest priority in 2019-20, notes central bank report. Mumbai: The Reserve Bank of India (RBI), in its annual report for 2018-19, has said the lack of domestic demand is holding back the animal spirits in the economy and emphasised the need to revive consumption demand and private investment during 2019-20. “What ails the animal spirits? At the core is the...

  A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...

-The Indina Express The proposal holds significance given that the EC Act arms the government with powers to impose stock limits and movement restrictions on agricultural commodities. New Delhi: Arguing that the Essential Commodities Act, 1955, was framed during the era of food scarcity, the NITI Aayog has proposed that the Act be scrapped because it is an “impediment in the free movement of commodities” given that the country is now...

-The New Indian Express The draft on Odisha's new farming policy is being worked out through consultation with experts, universities, civil society and farmers’ groups. BHUBANESWAR: With farmers’ issues taking political centre stage and doubling farmers income being the prime agenda, the State Government has initiated steps to bring out an updated and dynamic agricultural policy keeping in tune with the changing conditions of agriculture and agricultural market. A draft policy is being...

-The Hindu Business Line Horticulture farmers and wheat growers are the worst hit Ahmedabad: After a devastating hailstorm and unseasonal rains earlier this week in parts of Western India that damaged crops, farmers in Rajasthan and Gujarat are now pinning their hopes on the government assistance to make up for the losses. The worst hit are horticulture farmers and wheat growers, who were in the middle of the harvest season. According to estimates...