-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
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MSP hike: A pay cut for farmers? -Sayantan Bera
-Livemint.com Nominal hikes in crop support prices means that farmers are bearing the burden of government policy to keep food inflation in check New Delhi: The Narendra Modi led government has set a target to double farm incomes by 2022, but in the past three years it announced only nominal hikes for support prices of rice and wheat. What’s more: the raises were lower than the prevailing retail inflation, meaning declining...
More »Bundelkhand’s drought-hit farmers told to cultivate oilseeds
-The Hindu The U.P. government will now provide farmers a grant of Rs. 1,500 per quintal in the Kharif season and Rs. 800 per quintal in the Rabi season. Lucknow: To help farmers recover from successive crop losses in drought-affected Bundelkhand, the Uttar Pradesh government is encouraging them to increase the cultivation of oilseeds, especially sesame (til), in the coming Kharif season. The State has increased subsidy on oilseeds. The government will now...
More »Modi govt wakes up too late to the agrarian crisis -Sayantan Bera
-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...
More »Water shortage could cost some regions 6% of GDP: World Bank -Mayank Aggarwal
-Livemint.com World Bank report says combined effects of growing populations, rising incomes and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain New Delhi: Water scarcity, exacerbated by climate change, could cost some regions up to 6% of their gross domestic product (GDP), spur migration and spark conflict, said a report released by the World Bank on Tuesday. The report, High and dry: Climate change, water...
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