-Business Standard The government's price-fixation panel backs legalising farmers' right to sell at MSP New Delhi: As the government goes on an overdrive to publicise the hike in Minimum Support Price (MSP), the question is how to ensure that farmers reap the benefits. Unless there is a regular procurement mechanism, MSPs will continue to have a notional value except, perhaps, for rice. The Commission for Agriculture Costs and Prices (CACP), the body which...
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The paradox of job growth -R Nagaraj
-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the Economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...
More »1,648 people died every year during 1953-2016 due to floods or heavy showers, shows recent CWC data
The Central Water Commission (CWC) has released the state-wise and national-level annual data on human and economic costs associated with floods or excessive rainfall for the last 64 years at a time when the North East is devastated by nature's fury. That data indicates that on an average 3.2 crore Indians were affected by floods or excessive rainfall every year between 1953 and 2016. Floods or downpours took a heavy toll...
More »Below-average rainfall in June reduces crop planting by 21% -Nishtha Saluja
-The Economic Times The monsoon’s progress in June has been rapid but erratic, falling 5% below average in the first month of the season and obstructing the planting of kharif, or summer sown crops, particularly pulses and oilseeds. The southwest monsoon arrived with a bang and drenched southern India and western states such as Maharashtra with heavy rain, after which it took a nearly two-week break before swiftly advancing towards the north...
More »India's forex reserves are falling $2 billion per week as RBI fights to save sliding rupee -Mahua Venkatesh
-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
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