-The Hindu Business Line New Delhi: Even as Union Minister Ram Vilas Paswan claimed on Thursday that onion prices have started cooling down in both retail and wholesale markets, Shetkari Sanghatana, an apex farmers’ body in Maharashtra, announced that all onion markets would be indefinitely closed from October 7 if the Centre failed to revoke its decision to ban onion exports and imposition of stock limits on traders. Retail onion prices, which...
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Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar
-The Indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and...
More »Onion export ban: Farmer bodies in Maharashtra threaten to disrupt APMCs
-The Hindu Business Line Farmers’ organisations have threatened to disrupt the functioning of Agriculture Produce Market Committees (APMC) in Maharashtra if the Centre sticks to its stand of prohibiting onion exports and imposing limits on stocks. Farmers in the onion hub of Nashik said that they would agitate against the government’s decision as farmers are facing the brunt. With onion prices rising, the government had on Sunday prohibited exports until further notice and...
More »RCEP deal would hurt dairy sector heavily, says SJM
-The Hindu Business Line Import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers India should resist the pressure from Australia and New Zealand to include dairy sector in Regional Comprehensive Economic Partnership (RCEP) pact because import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers in the country, Sangh Parivar-affiliated Swadesh Jagran Manch (SJM) said on Wednesday. "This...
More »Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14 -Kirtika Suneja
-The Economic Times The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17. NEW DELHI: The share of agriculture, forestry and fishing declined to 17.9% in India’s gross value added (GVA) in 2016-17 from 18.6% in 2013-14, the ministry of statistics and programme implementation (MoSPI) said in a report. “The share of this sector in overall GVA...
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