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Why higher govt spending is crucial to contain rural distress

-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...

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Trajectory of distress: From farm to factory

-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...

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Is Madhya Pradesh losing its pulse? -LS Herdenia

-IPA Service Soya bean damage leads to more woes There was a time when Madhya Pradesh was known as "Soya Pradesh". But from this year Madhya Pradesh will cease to be so. Similarly Madhya Pradesh was a leading state for production of all types of pulses. But at present the state is facing severe scarcity of Pulses. Soya crops have been ruined, this fact has been accepted by the Chief Minister Shivraj Singh...

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Madhya Pradesh declares drought in 35 districts, seeks Rs2,400 crore aid -Sayantan Bera

-Livemint.com State seeks Rs300 crore more for drinking water supply and Rs750 crore for waiving off interest payments on loans New Delhi: Madhya Pradesh has declared 35 out of 51 districts in the state as drought affected and sought an initial central assistance of Rs.2,400 crore, indicating deepening rural distress. Karnataka, Maharashtra and Odisha have already declared parts of their state as drought affected. Madhya Pradesh finance minister Jayant Malaiya and agriculture minister...

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In Madhya Pradesh, farmers find their soyabean dream turning into a nightmare -Rakesh Dixit

-Scroll.in While Punjab looks to rescue its cotton farmers, a dozen suicides are reported from MP due the failure of a crop that once brought unprecedented prosperity to its farming community. Hailed three decades ago as a miracle crop that brought about unprecedented prosperity to millions of Madhya Pradesh farmers, soyabean has turned into a fatal cause of agrarian distress in the state. Over a dozen debt-ridden farmers have either committed suicide...

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