-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...

-Firstpost.com Chandigarh: With extensive rice farming in Punjab taking an increasing toll on groundwater reserves and soil health, government agencies are now asking farmers to diversify into profitable allied trades including dairy and pig farming and fisheries. Farmers are also being asked to cultivate crops other than paddy. Farmers in different parts of the state have started growing other, more profitable crops alongside rice. In a break with the fertiliser and pesticide-driven...

-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...

-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...

-Business Standard In the case of paddy, the current bout of rain should push transplanting crops from nurseries in Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar Mumbai/ New Dehi: The southwest monsoon, after a relatively lull phase, has become active over the past two days in belts of eastern, central, northern and western India where mainly pulses, oilseeds, cotton, and paddy are grown. There are forecasts of heavy to very heavy rain. In...