-The Indian Express The ongoing price recovery in major crops is in danger of being stymied by knee-jerk government response. A lot of analyst commentary on the latest quarterly GDP numbers for India has focused on the low growth in “nominal” terms: Gross value added (GVA) at current prices grew by just 6.3% year-on-year in July-September and 7.1% for April-September. If this first-half trend holds for the rest of 2019-20, it would...
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For Haryana's farmers, MSP is only an illusion -Rajalakshmi Nirmal
-The Hindu Business Line Commission agents, who procure paddy, pay less than the MSP. There is no moisture testing or correct weighment. Is there a nexus all round? It is widely perceived that MSP operations in Haryana are quite effective and farmers there are a happy lot. But the reality is quite different. In the last paddy season, many farmers in Karnal’s Taraori, the largest grain mandi in Haryana, got only Rs.1,750/quintal...
More »India is not REALLY open-defecation free, but again, people may have lied: NSO report
-Financial Express An overwhelming number of Indians have claimed that they don’t have access to toilets, poking holes in Prime Minister Narendra Modi’s assertion of India having become open-defecation free under Swachh Bharat. But the NSO, which conducted the survey, also said that the respondents could not be fully trusted, and that they may have lied to underreport the access to toilets. About 30% of rural households lacked access to toilets...
More »Key sales numbers show rural demand may dip further -P Vaidyanathan Iyer
-The Indian Express Warning signs across FMCG, tractors & 2-wheelers, gold, real rural wages THE GOVERNMENT Friday claimed that a significant divergence in levels of consumption and direction of change prompted it to withhold the findings of the survey on household consumption expenditure for July 2017-June 2018. But all major indicators of rural demand suggest the situation has only worsened since the beginning of financial year 2019-20, and the economy is...
More »Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
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