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Economic revival beating predictions: RBI bulletin

-The Hindu “Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin. There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the...

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The tightrope between production, industrial peace -PK Anand

-The Hindu The Wistron incident is an example of how exploitative labour practices could accompany businesses moving to India Apple’s decision to place its Taiwanese supplier, Wistron Corp., on probation by not giving new orders — after an audit of the serious lapses in labour practices that led to violence in its facility in Narasapura in Karnataka — is a step forward in corporate accountability and ethical business operations. Pressured by Apple’s...

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It’s MP, not Haryana or Punjab, which reaped the benefits of MSP the most -Radheshyam Jadhav

-The Hindu Business Line Pune: The protest against the Centre’s newly introduced farm laws is loudest in Punjab and Haryana, where the MSP mechanism is robust, benefiting wheat growing farmers. However, government data shows that Madhya Pradesh farmers have steadily taken over wheat growers in Punjab and Haryana to reap benefits of MSP in the last five years. Data from rabi marketing seasons (RMS) 2016-17 to 2020-21 shows that 47,58,350 farmers from...

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Beware of illegal digital lending apps: RBI

-The Hindu Advisory in the backdrop of suicides in Telangana Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps. Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said “members of public are cautioned not to fall prey to such unscrupulous activities.” It urged them...

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What agriculture needs: Risk mitigation -Shoumitro Chatterjee

-Hindustan Times Its absence make farmers less receptive to pro-market reforms which add to income uncertainty At the heart of the debate on farm laws is the issue of the level of farm incomes. Income volatility is a key dimension important for farmers’ welfare, understanding their anxieties, and the success of a pro-market reform. The two main risks associated with farming are production risks and price risks. While production-related risks that come...

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