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The myth of India’s import dependence -Rathin Roy

-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.   If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit...

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UP cane dues: This time, it’s worse -Piyush Srivastava

-The Telegraph Delay in clearing dues affecting Muzaffarnagar farmers as cultivation is their only source of income Lucknow: Sugarcane farmers in Muzaffarnagar have alleged that the eight sugar mills in the district have been delaying payments totalling Rs 1,300 crore, a perennial problem of late clearance of dues that is this time hurting the cultivators even more because of the economic crisis perpetrated by the pandemic. Preparing to protest while alleging that the...

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Core’s contraction: On slowing economy

-The Hindu As output and demand slow, India must retain twin focus on the pandemic and economy Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing...

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Why Punjab stands to lose from farmers’ produce trade and commerce ordinance -Parikshit Goyal

-Down to Earth Instead of putting Punjab farmers at the mercy of big corporates and private players, there is a need to strengthen existing infrastructure The Union government announced three agriculture-related ordinances as part of its novel coronavirus disease (COVID-19) relief package — permitting agricultural trade outside the boundaries of market committees, easing regulation and control under the Essential Commodities Act and facilitating contract farming. Out of these, the Farmers’ Produce Trade and...

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Green shoots in rural India set the stage for economic revival -Gireesh Chandra Prasad and Suneera Tandon

-Hindustan Times Business leaders expect a normal monsoon, record sowing of summer crops, improved winter harvest and a raft of government measures to help farmers and boost rural incomes to boost demand for goods ranging from two-wheelers to tractors. Businesses are banking on a bumper harvest and high rural incomes to drive demand for goods after the coronavirus pandemic stunted growth in the country’s cities, where most of the factories and offices...

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