-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
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88 lakh taxpayers didn't file returns in year of noteban, 10-fold jump over previous year -Khushboo Narayan
-The Indian Express The spike in stop filers, according to officials, could be Due to loss of jobs or drop in income Due to fall in economic activity following demonetization of Rs 500 and Rs 1,000 notes. Claiming the success of demonetisation in increasing tax compliance, the government said it added 1.06 crore new taxpayers in the financial year 2016-17, almost 25 per cent more than the previous year. Records accessed by...
More »Systemic transformation in agriculture must put the farmer at the centre -Arunabha Ghosh
-Hindustan Times Farming must become sustainable since agriculturists are struggling to build resilience against many threats I spent international women’s day in Mangalagiri, in Guntur district of Andhra Pradesh, with Usha Rani. As a single mother for 17 years, she has raised two children (now in second-year college and in high school). Three years ago, she switched to natural farming. On less than half an acre, she practises multicropping, growing maize, banana,...
More »'All parties treat farmers like beggars': Punjab's agriculture workers have no hope from elections -Manu Moudgil
-Scroll.in Recent farm loan waivers and income support schemes have had little impact amid growing agrarian distress. In January, farmers across the state of Punjab took to the roads in protest. In 12 districts of the state, they were protesting against banks that filed cases against loan defaulting farmers. Also part of their demands from the government was compensation of Rs 10 lakh each for families of farmers that had committed suicides,...
More »Rural distress is real: Negative monthly growth of real wage rates witnessed in rural areas for 9 consecutive months, starting from November 2017
Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers Due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
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