-Livemint.com In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the...
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New WPI series suggests higher core inflation rate in past 6 months: CRISIL
-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...
More »Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar
-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on imports and...
More »NITI Aayog begins business without action plan -Jitendra
-Down to Earth Will the Aayog's vision be any different than the top-down approach of its predecessor, the Planning Commission? WITH THE end of the 12th Five Year Plan on March 31, India’s 65-year tryst with five-year economic development planning has come to an end. In 2014, when the National Democratic Alliance government scrapped the Planning Commission and replaced it with the National Institute of Transforming India (NITI) Aayog, it announced...
More »'Without khadi, I am not there' -Rahul M
-RuralIndiaOnline.org Despite the slow decline of the renowned handlooms of Dharmavaram in Andhra Pradesh, Shankara Dhanunjaya tried to work hard and prosper. But in 2016, at the age of 35, debts, crumbling dreams and crushing policy changes drove him to suicide All the handloom halls Into mortuary rooms Being metamorphosed That inexplicable sorrow! (From ‘Maggam bathuku’ an epic poem by Dr. U. Radheya, who is from a family of weavers; translated by Dr. P. Ramesh Narayana) In...
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