-TheWire.in The making of the Union Budget has been a far too secretive and hidden exercise. Social sector expenditure and allocations related to policy announcements should be matters of open ongoing debate. On December 20, 2017, a group of 60 eminent economists sent an open letter to the finance minister stating: “We are writing to draw your attention to two urgent priorities for the forthcoming budget.” The first was to increase the central...
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India's largest onion wholesale market to go online -Nanda Kasabe
-The Financial Express As onion prices surge on the removal of curbs on minimum export price (MEP), Lasalgaon Agricultural Produce Market Committee (APMC) – the largest wholesale market for onions in Asia – is all set to be part of the World Bank-implemented Maharashtra Agricultural Competitiveness Project (MACP). The APMC will receive funds to the tune of Rs 1 crore as part of the project to bring the entire auction process...
More »Panel sets out an action plan to make agriculture profitable -Sayantan Bera
-Livemint.com The committee’s suggestions on major reforms include an overhaul of the Union agriculture ministry New Delhi: In a detailed action plan for doubling farmers’ incomes, a top government panel has proposed major reforms to the existing administrative structure. This includes an overhaul of the Union agriculture ministry, setting up a three-tier planning and review mechanism through district, state and national level committees and an annual ease of doing agribusiness survey. The committee on...
More »Diesel price at all-time high as crude oil surges in international markets -Gireesh Chandra Prasad
-Livemint.com Diesel price touched Rs.61.74 a litre in Delhi, while petrol hit Rs.71.18 a litre, the highest since 1 August 2014 New Delhi: Diesel price rose to an all-time high on Monday as crude oil price continued to advance in global markets, impacting India’s oil import bill and inflation. Diesel price touched Rs61.74 a litre in Delhi, while petrol hit Rs71.18 a litre, the highest since 1 August 2014, according to information provided...
More »Some red flags in the economy numbers: Agriculture is the most alarming -RN Bhaskar
-MoneyControl.com When agriculture’s GVA growth climbed from -0.2% in 2014-15, to 0.7% in 2015-16, everyone expected agriculture to continue doing well. This was confirmed by this growth rate further rising to 4.9% in 2016-17. But what happened now? So it is finally official. The fears that most people had kept suppressed – about India witnessing an economic slowdown – have been realised. The Central Statistical Office (CSO) came out last week with...
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