-News18.com Calling for reorganisation of the agriculture sector and crop diversification, Mihir Shah said that agriculture must be thought of as an enterprise. Delhi: Incentivising cultivation of water-efficient crops and not “maniacal” river-linking is the need of the hour as the crippling water crisis bears down on India’s agrarian economy, former Planning Commission member and water conservationist Dr Mihir Shah has said. Calling for a reorganisation of the agriculture sector and crop...
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GDP shocker: India's position slips among world's fastest growing economies -Dipu Rai
-IndiaToday.in Data shows that consumption and investment demand are declining. Private final consumption expenditure grew by only 3.1 per cent (a 4.5-year low), while fixed capital formation grew by four per cent, 0.4 per cent less than the last quarter of the financial year 2019. Gross Domestic Product or GDP is a tool to measure and compare how good or bad countries are doing economically. Recent data of the first quarter of...
More »Adopt a green growth stRATegy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & CorpoRATe Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow BhaRAT Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain opeRATional for the entire period of registRATion; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Prayagraj's unemployment RATe highest in country, 1.5 lakh unemployed in govt records -K Sandeep Kumar
-Hindustan Times Prayagraj, or the erstwhile Allahabad, tops this unemployment list with an unemployment RATe of 8.9%. It’s no mere coincidence that Uttar Pradesh’s Prayagraj has the dubious distinction of being the city with the highest unemployment RATe in the country. Government record shows that a whopping 1.5 lakh unemployed youth are in the queue of those hunting jobs which are few and far in between. The National Sample Survey Organisation (NSSO) in...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. IrRATional despondency can be as damaging for the economy as ‘irRATional exuberance’. But...
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