-The Indian Express Agriculture GDP bucks the trend of decline in other sectors. But can the government help the farmers sustain this growth? The first advanced estimates of GDP growth for the financial year 2016-2017 (FY17) show a marginal decline from 7.6 per cent last year to 7.1 per cent this year. Of the various sectors, gross value added at basic prices (2011-12), mining and quarrying is down from 7.4 per cent...
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Making Pulses Affordable Again: Policy Options from the Farm to Retail in India -P K Joshi, Avinash Kishore and Devesh Roy-
-Economic and Political Weekly P K Joshi (p.joshi@cgiar.org), Avinash Kishore (a.kishore@cgiar.org) and Devesh Roy (d.roy@cgiar.org) are with the International Food Policy Research Institute, New Delhi. While outlining strategies to increase availability of pulses at affordable prices, it is argued that increasing domestic production of pulses is the only option. Access to one or two protective irrigation sources during the growing season can lead to sizeable increases in pulse production. The har khet...
More »Demonetisation and digital transactions will never stop corruption in India. Here's why -Manoj Gairola
-The Economic Times If digital transactions could curb corruption and black money , Kenya would have be en the most transparent co untry in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund...
More »Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation -Abhijit Lele
-Business Standard The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period. The outstanding credit of banking system in...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
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