-The Hindu Govt. cuts FY19 growth estimate to 7%; Q3 growth estimated at six-quarter low; agriculture, manufacturing contribute to slowdown GDP growth slowed for the third consecutive quarter in the October-December 2018 period, according to data released on Thursday. Growth fell to 6.6% in the third quarter, the lowest in the last six quarters. The slowdown was led by agriculture, which is estimated to grow at 2.7%, against the earlier estimate of 3.8%. data...
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Cane dues in Uttar Pradesh may cross Rs 10,000 crore -Harish Damodaran
-The Indian Express The only way to prevent a further piling-up of cane arrears would be via improved sugar realisations, according to a miller. Arrears in payments to cane farmers by sugar mills in Uttar Pradesh (UP) have almost touched Rs 8,500 crore and could cross the Rs 10,000-crore mark by March-end, just ahead of voting for the coming Lok Sabha elections. According to data compiled by the Cane Commissioner’s Office in...
More »The Indian economy is losing momentum, data shows -Nikita Kwatra & Pramit Bhattacharya
-Livemint.com With eight of the 16 high-frequency macroeconomic indicators in the red and only four in green, the Indian economy continues to remain weak, Mint Macro Tracker shows Mumbai/New Delhi: The Indian economy’s momentum continues to slow, shows the latest update of the Mint Macro Tracker, launched in October last year to provide a state-of-the-economy report each month based on trends across 16 high-frequency economic indicators. The Mint Macro Tracker shows that out...
More »Share of tubewells in irrigation rising -Radheshyam Jadhav
-The Hindu Business Line Across India, groundwater schemes are up, but surface water schemes are declining Pune: In 14 years (2001-02 to 2014-15), net irrigation in India increased just 20 per cent, with an alarming trend of massive groundwater extraction. Per data from the Ministry of Statistics and Programme Implementation, while 41 per cent of the net irrigated area in India got water from tube wells in 2001-02, tubewell irrigation increased to...
More »Will PM-Kisan transform India's agriculture support ecosystem? -Sayantan Bera
-Livemint.com The farm income support scheme was launched after NDA’s other flagship schemes failed to tackle rural distress The scheme promises to pay Rs. 6,000 every year to each of the 120 million farmer families in India NEW DELHI: The Narendra Modi-led Bharatiya Janata Party (BJP) government at the centre announced a scheme for farmers in the interim budget presented on 1 February, with just a few months to go for the...
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