-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...
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New WPI series suggests higher core inflation rate in past 6 months: CRISIL
-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised Wholesale Price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...
More »Government planning 'one nation, one market' in agriculture sector -Sayantan Bera
-Livemint.com The government’s model law for agricultural reforms aims to allow farmers a wider choice of markets beyond the local mandi New Delhi: The National Democratic Alliance (NDA) government is working on creating a common agricultural market that will improve the lot of farmers and the efficiencies of India’s notoriously inefficient farm-produce markets. The government put out a model law proposing a fundamental reset in the way agricultural markets operate on 24 April....
More »Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare
-IndiaSpend The drop comes despite a good monsoon in 2016 A good monsoon that led to record sowing and production of pulses–especially tur dal (pigeon pea)–has almost halved their wholesale and retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in some cities at the end of 2015. In many state-regulated agricultural markets of major tur-producing states such as Maharashtra and Karnataka, prices have fallen to Rs...
More »Select vegetables' prices crash on farmers' rush for sale -Dilip Kumar Jha
-Business Standard Huge arrivals from Gujarat and MP increase supply; farmers fear higher spoilage on rise in temp Mumbai: Vegetables prices crashed in the last two weeks due to farmers’ rush for sale on fears of high spoilage due to sudden rise in temperature across the country. Data compiled by the government owned National Horticulture Board (NHB) showed cauliflower in the wholesale Mumbai mandi slumped by a staggering 25% since March 17 to...
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