-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...
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3 out of 4 workers in India fall in vulnerable employment category: ILO
-Business Today Apparently it is not just jobless growth that we should be worrying about. Rather, according to a new report by the International Labour Organization (ILO), a far greater concern is the fact that vulnerable employment is on the rise. According to the World Employment and Social Outlook: Trends 2018 report, while the global unemployment rate is expected to stabilize at around 5.5% over the next couple of years, the...
More »Problem of plenty: on devising a sound agricultural policy
-The Hindu Agricultural policy should look to address the problem of severe price fluctuations There appears to be no end in sight to the cycle of boom and bust in the prices of agricultural goods. Over the last few weeks, across India the price of potatoes has fallen sharply after a year of bumper production. With the price of a kilogram of potato dropping as low as under a rupee in certain...
More »Crop insurance scheme likely to get ? 13,000cr in FY19 budget
-PTI New Delhi: The government is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to ? 13,000 crore for 2018-19 from ?10,701 crore for the current financial year. The Union Budget for 2018-19 will be presented on February 1. Under the upgraded crop insurance scheme PMFBY that was launched early 2016, farmers pay very nominal premium and get full claim for damages. Budget allocation for the PMFBY could...
More »Maharashtra allots Rs 142,400 mn for farm loan waivers, cropping
-PTI Arun Jaitley had last year said that the Centre will not be part of a state's fiscal leverage in waiving farm loans and the cost has to be borne by the states Mumbai: The Maharashtra government today made allocations worth Rs 14,240 crore for the farm loan waiver scheme and for repayment to farmers whose produce was purchased by the state. The state's cooperation and marketing department today issued a Government Resolution...
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