-The Indian Express The Union budget is largely about the intentions and policies of the government of the day, as well as the arithmetic of resource mobilisation and allocation to achieve certain ends in the economy. The diagnostics of various economic problems and their probable solutions are generally found in the Economic Survey. The Economic Survey clearly indicates that growth in agri-GDP in FY15 has collapsed to just 1.1 per cent, while...
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Rain hits mustard, wheat, chickpea crop in north and central states -Harish Damodaran
-The Indian Express New Delhi: Unseasonal rainfall accompanied by strong winds is seen to have caused significant damage to the standing rabi crop across North and Central India, adding to the woes of farmers already battling low price realisations and urea shortages. "These rains aren't beneficial for 90 per cent of the wheat, mustard or chana (chickpea) now in the fields. They may be useful only to the wheat that was sown...
More »Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »5 Ways This Budget Can Make Agriculture Profitable - Nidhi Nath Srinivas
-The Huffington Post Going by the number of farmers, Indian agriculture is the nation's largest private enterprise. And also the only one lacking free markets. So it is hardly surprising that half of India's population, since it depends on agriculture, contributes only 15% of the country's income. The shocking waste of entrepreneurial energy, time and resources of 263 million farmers and laborers has kept rural families in poverty, accelerated urban migration...
More »Farmer deaths choking exchequer, UP eyes insurance firms to ease ‘burden’ -Mohd Faisal Fareed
-The Indian Express Lucknow: Having spent over Rs 1,100 crore from the state exchequer in the last two years to pay compensation to the kin of farmers who have committed suicide, the state government has now decided to rope in private insurance companies to streamline the scheme and share the burden. Till now, the state revenue department was paying Rs 5 lakh to the kin of each farmer who died of unnatural...
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