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India pushes millets to tackle supply uncertainties, climate change -Kunal Gaurav

-Hindustan Times India’s focus on food security through increased production of millets was echoed by external affairs minister S Jaishankar during a luncheon on Thursday where he stressed that millets are important for food security as well as international relations. India has intensified its efforts for a global push to counter the challenges to ensure food security – threatened by Covid-19, conflicts and climate change – through increased millet production and consumption....

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Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman

-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...

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We must break ‘lock-ins’ of water usage in agriculture -Anjali Neelakantan

-Livemint.com Just as much of today’s world is locked into fossil-fuel dependence, Indian farmers are in a trap of water-guzzling crop production that is not environmentally sustainable. The annual United Nations climate conference underway in Sharm el-Sheikh, Egypt, has entire days devoted to two crucial sectors that directly impact the lives of millions in India: agriculture and water. At a time of stagnant incomes and groundwater depletion, we must enable farmers to...

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The FM’s call for industrial investment -K Bharat Kumar

-The Hindu Why did the Union Finance Minister urge industry giants to invest in manufacturing? Is private sector financing at an all-time low? Has government intervention to boost and spend aggressively on infrastructure come at an opportune time? The story so far: Last month, Finance Minister Nirmala Sitharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating...

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Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan

-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...

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