-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...

-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...

-India Climate Dialogue The meteorological department’s analysis of annual rainfall for the past 50 years has found significant increasing or decreasing trends in districts that could put a spanner into India’s food security scenario. Since June 13, there has been a hiatus in the advance of southwest monsoon in the country Due to the weakening of its circulation pattern. This dry spell is expected to soon change as the monsoon is likely...

-Livemint.com According to Nafed, the central agency assigned to procure directly from farmers at government-set MSP, 6.34 million tonnes of pulses and oilseeds were purchased from about 3.5 million farmers till 22 June New Delhi: The central government procured a record Rs29,070 crore worth of pulses and oilseeds from farmers at minimum support prices (MSPs) in the 2017-18 crop season, arresting what could have been a sharper fall in wholesale prices. The procurement...

-Down to Earth Much of the groundwater in Malwa, Punjab has chemicals exceeding permissible limits, putting children at risk of a blood disorder Groundwater in Malwa region of Punjab is unfit for drinking and irrigation, according to a study published recently in the Arabian Journal of Geosciences, the official journal of the Saudi Society for Geosciences. The study also warns that children in the region are highly vulnerable to methemoglobinemia, a blood...