-The Hindu Business Line Indian digital economy set to reach $ one trillion in another 5-7 years: Ravi Shankar Prasad Kolkata: Around 1.5 lakh gram panchayats will be connected via optical fibre under the national optical fibre network programme of the Centre by mid-2018, the Union Minister for Electronics & IT and Law & Justice, Ravi Shankar Prasad, said today. Of the targeted 2.5 lakh gram panchayats are to be connected under this...
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Vanishing Note, Yawning Chasm -Shaji Vikraman
-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...
More »Is agriculture a business? -Harish Damodaran
-The Indian Express Yes, except that farmers suffer rules other businessmen never encounter Agriculture is said to be India’s largest private-sector enterprise, engaging nearly 119 million farmers (“cultivators”) and another 144 million landless labourers, as per the 2011 Census. It is even considered the most respectable business, going by the oft-quoted slogan “uttam kheti, madhyam vyapar, kanishtha naukri (supreme is farming, mediocre is trade and most lowly is service)”. But the exalted...
More »Destruction of the Doha Round
-Economic and Political Weekly India plays a poor hand at the World Trade Organization's negotiations. The idea that there is no longer a sharp divide between the global North and the global South has been disproved in ample measure by the decisions taken last month in Nairobi at the 10th ministerial conference of the World Trade Organization (WTO). The essence of the final communique is that the 14-year-old Doha “Development” Agenda (DDA)...
More »Incentivize pulses production to check spiralling prices
The low rate of inflation of 3.88 percent in Consumer Food Price Index during September, 2015 actually hides the high prices at which various pulses (dal) are available in kirana / retail shops across India. In terms of Consumer Price Index (combined), monthly rate of inflation in pulses and products during September 2015 (over September last year) stood at 29.76 percent as compared to the overall monthly retail inflation of...
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