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Rural wage growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra data -Pragya Srivastava

-The Financial Express India’s rural wage growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, Due to the negative impact of demonetisation, a report said. An analysis of 25 different occupations in rural areas by India Ratings showed that rural wage growth slumped to decimal points from double-digit in last three years despite government support. India Ratings noted that...

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Dip in Rupee Value Sees Rice Export Prices Drop

-TheWire.in A drop in rice export rates from the top exporter, India, Due to the falling rupee also weighed on demand for the Vietnamese variety. Bengaluru: Rice export prices in India fell this week as the rupee weakened, with the drop in rates from the top exporter also weighing on demand for the Vietnamese variety. Rates for India’s 5% broken parboiled rice fell by $3 per tonne to $389-$393 per tonne this week. “Rupee...

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Climate change affecting hydro-power generation in India: study -Dinesh C Sharma

-The Hindu Business Line A new study has suggested that the government must consider changes occurring Due to climate change while planning new hydropower projects. The generation of hydropower from top seven hydropower projects in India has suffered Due to climate variability in the past six decades. Future projected climate change may also hit reservoir operation for power generation from these projects, says the study done by researchers from the Indian Institute...

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NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)

-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...

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Ganga drying up in summers Due to groundwater depletion: Study

-PTI ‘The decline of groundwater inflow is also impacting the health of the river’ Kolkata: Ganga, the 2,600-km-long trans-boundary river of Asia, has witnessed “unprecedented low levels of water in several lower reaches” in the last few summer seasons, a study undertaken by a professor of IIT-Kharagpur has said. The study, published recently in Scientific Reports magazine by Nature Publishing Group, used a combination of satellite images of groundwater levels of Ganga, numerical...

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