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Govt okays policy to ensure hiked MSP

-The Tribune Incentivises ethanol produce to cut crude oil dependence New Delhi: Aiming to reap electoral dividend in the upcoming elections, the government on Wednesday approved a new umbrella scheme to roll out its hiked MSP for farm produce under “Pradhan Mantri Annadata Aay Sanrakshan Abhiyaan” (PM-ASHA) for which it has earmarked Rs 15,053 crore. It has also decided to incentivise ethanol production in a bid to reduce crude oil dependence at a...

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Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan

-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...

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Six million people quit jobs in 10 months till June, shows govt data -Prashant K Nanda and Asit Ranjan Mishra

-Livemint.com While 10.7 million additional employees joined EPFO between September 2017 and June 2018, at least 6.04 million stopped subscribing to it: Government New Delhi: At least six million people, about 4.6 million of them under 35 years of age, left their formal jobs in the 10 months ending June and may or may not have rejoined work, according to payroll data released by the government on Friday. This is the first time...

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Minimum support price: Unkept promises on cost mitigation, bad formula to determine MSP compound farm woes -Angarika Gogoi

-Firstpost.com Farmers across India are sceptical about the promised benefits of the minimum support price (MSP) promised by the government for their kharif crop. In a press release, the government announced that the MSP would be set at 50 percent over the cost of production and vowed to double farmers’ incomes by 2022. As Amrinder Singh Punia, a farmer and general secretary of the Punjab Agricultural University Kisan Club, points out, “Government...

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India ageing faster than we thought, shows data -Sushmi Dey

-The Time of India NEW DELHI: India is greying faster than previously projected, even though it fares better than other Saarc countries and China. The government has disclosed that the number of people above 60 will rise to around 340 million by 2050. The number, revealed by junior minister for health Anupriya Patel in the Lok Sabha, is higher than projections made by the United Nations (UN) and other agencies, which also...

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