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Getting back on the Growth track -C Rangarajan

-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster Growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual Growth rates for the recent years. The differences are in...

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What explains the Maharashtra farmers' strike in a bumper crop year? -Sayantan Bera

-Livemint.com Maharashtra farmers continue with their protests despite assurance from chief minister Devendra Fadnavis of a debt waiver by October New Delhi: The fifth day of the strike by protesting farmers in Maharashtra on Monday witnessed unprecedented visuals of milk tankers being ferried to state capital Mumbai under heavy police cover. Not long ago, before the monsoons arrived last year, rail wagons transporting water to severely drought-hit districts in the state were...

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Farmers' protest in Maharashtra, MP: Both BJP-ruled agrarian states need long-term policy measures -Nalini R Mohanty

-Firstpost.com After Maharashtra, Madhya Pradesh has now been rocked by farmer unrest. At least six farmers were killed and eight others were critically injured on Tuesday when the police resorted to firing to subdue the protesting farmers in Mandsaur in Madhya Pradesh. In both Maharashtra and Madhya Pradesh, the farmers’ demands are almost similar: they want complete farm loan waiver as a short-term palliative and secondly, institutionalised mechanism for getting better prices...

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El Nino threat dips, met department ups rain forecast

-The Times of India NEW DELHI: The weather office expects good rainfall across the country this year. It is expected to touch 98% of the long term average (LPA), the India Meteorological Department (IMD) said on Tuesday , raising hopes of increased rural demand for goods leading to overall economic Growth. The latest monsoon forecast is marginally higher than the IMD's earlier estimate of 96%. There's little chance of an El Nino...

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How demonetisation crippled bank lending -Paras Chakravarty

-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit Growth, RBI data shows It is, of course, well known that the Growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of Growth of bank credit was 12.1%. That...

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