-The Hindu The transfer of the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this...
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Slowdown in sale of biscuits and cookies: A blip in rural consumption or premiumisation of eatables? -Himadri Buch
-Moneycontrol.com The Rs 35,000 crore biscuit industry has several players, the top most being the Britannia and Parle, which accounts for 70 percent of the industry’s volume and revenues. Subdued rural growth has begun to show up in the cookies category of eatables, especially your tea-table humble biscuit plates. Reports have emerged that the staple biscuits category like Parle-G has slowed down in rural demand, although similar pains are not visible in...
More »There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran
-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
More »Egg row: Social activists demand to serve it 5 days/week in midday meals
-The Times of India RAIPUR: A day after Congress MLAs hailed the state government's decision to provide eggs in the midday meals to schoolchildren, as many as 37 social organistaions and networks across Chhattisgarh have extended their support on the same. Social organizations including Right to Food Campaign, Chhattisgarh Bachao Andolan, Chhattisgarh Mahila Adhikar Manch, Peoples Union for Civil Liberties (PUCL), Chhattisgarh Bal Adhikar Abhiyan, Chhattisgarh Naagrik Sanyukt Sangarsh Samiti, Sarva Adivasi...
More »MP Raju Shetti, Maharashtra's foremost farmer leader and president of Swabhimani Shetkari Sanghtana, interviewed by Ajaz Ashraf (Newsclick.in)
-Newsclick.in “Our population today is around 136 crore. Where will you get food grains for them through zero budget farming? This is sheer madness.” There is an inherent seductive charm to the term zero budget natural farming, for it makes the arduous occupation of agriculture appear beguilingly simple, an economic proposition without any risk or even requirement of capital. Coined by the Vidarbha-based farmer, Subhash Palekar, who was bestowed with the Padma...
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