-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...

-Business Standard System in place for Aadhaar-linked payment through state but shopkeepers and consumers yet to cheer Ahmedabad: When young housewife Sarojben Rabari comes to buy rice from the Public Distribution System (PDS) shop in Ramnagar, on the northern fringes here, the shopkeeper asks her to pay by using her Aadhaar card. The woman refuses – she has neither an Aadhaar card or a bank account. She wishes to pay in cash;...

-The Hindu Business Line At present only 84 Central schemes are under DBT New Delhi: Hoping to give a push to its ambitious scheme for cash transfer of subsidies, the Centre is in talks with nodal ministries and implementing agencies to expand the ambit of direct benefit transfer and Aadhaar seeding to all 536 schemes by the end of the year. “The objective is that service providers as well as service receivers in...

-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

-Livemint.com Repeated price shocks take the sheen off horticulture crops grown by small and marginal farmers New Delhi: In the past few years, horticulture crops emerged as a favourite for small growers across the country. 2016-17 marks the fifth straight year when production of fruits and vegetables is estimated to surpass that of foodgrains. This signals a fundamental shift in India’s farm economy towards a growing share of horticulture crops, which now...