-The Indian Express Agriculture GDP bucks the trend of decline in other sectors. But can the government help the farmers sustain this growth? The first advanced estimates of GDP growth for the financial year 2016-2017 (FY17) show a marginal decline from 7.6 per cent last year to 7.1 per cent this year. Of the various sectors, gross value added at basic prices (2011-12), mining and quarrying is down from 7.4 per cent...
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Dialectics Of Authoritarianism: Transition From The People To The Leader -Prabhat Patnaik
-TheCitizen.in NEW DELHI: We are seeing in India at present a remarkable inversion of reason. The more the common people suffer from the impact of Prime Minister Narendra Modi’s demonetization, the more he is lauded for the “courage” shown by him in undertaking it. An economic measure should be, and normally is, judged on the basis of how it benefits the people, and any measure that brings distress to the people is derided...
More »Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)
-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...
More »Industrial output contracts in August
-PTI India’s index of industrial production contracted by 0.7 per cent in August, the second month in a row that it has remained in negative territory, following a slump in manufacturing, mining and capitals goods segments. Factory output as measured by movement in the IIP had slipped to an eight-month low of (-)2.49 (revised) in July on account of declining output in manufacturing and capital goods sectors. The IIP slump in August is...
More »The money-spinning black sheep of Kuruba families -Sudhirendar Sharma
-The Hindu Business Line The Wool of this north Karnataka breed has helped the herder community handcraft a crorepati business These sheep, strikingly black, have a rich coat of coarse Wool that has long provided the army and police force with a steady supply of warm blankets. Called Deccani, the lambs are sheared twice a year, each of them yielding a little over one kg of raw Wool, which is ideal for...
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