There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
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In the Long Term Indians Might Lose Faith in Cash and Turn Towards Gold -Ravinder Kaur
-TheWire.in The spectacle of ‘fixing’ India’s illegal economy is not only harming common citizens but also turning small investors away from financial markets. Depending on who is talking, the demonetisation of higher value currency notes by Prime Minister Narendra Modi’s government has either been described by commentators as a ‘bold move’, ‘landmark policy’, ‘game-changer’ and even a ‘political masterstroke’ or has been labelled the single most high-risk political gamble undertaken since the...
More »Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
More »Kharif foodgrain harvest to break past records, show first advance estimates -Sayantan Bera
-Livemint.com India’s Kharif foodgrain production is estimated at 135 million tonnes in 2016-17, 9% higher than the year before New Delhi: Boosted by a normal monsoon, India’s rain-fed Kharif harvest will be the highest ever in history, show first advance estimates of crop production released by the agriculture ministry on Thursday. India’s Kharif foodgrain production is estimated at 135 million tonnes in 2016-17, 9% higher than the year before, when a crippling drought...
More »Pulses send WPI racing to 2-year high
-The Hindu Business Line Hits 3.74% in August as potato, manufactured items get pricier New Delhi: Wholesale price inflation rose to a two-year high of 3.74 per cent in August pushed up by expensive pulses and potatoes as well as a sudden spike in prices of manufactured items. Wholesale price index (WPI) based inflation was 3.55 per cent in July and had contracted by 5.06 per cent in August last year. Previously, WPI inflation...
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