-The Indian Express NABARD’s new survey offers a baseline to double farmers’ incomes. But is a survey done in a drought year a reliable yardstick? On August 16, NABARD presented the nation with a gift when it released the results of its All India Rural Financial Inclusion Survey (NAFIS). Among other things, the survey estimates 2015-16 farmers’ income levels. In February 2016, when Prime Minister Narendra Modi presented his vision of doubling...
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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...
More »Ploughing to progress -Viney Sharma
-The Tribune The lure for land at a reasonable RATe and better funding options are drawing farmer-entrepreneurs from Punjab and Haryana to Canada The North American nation is drawing farmer-entrepreneurs in large numbers from India’s breadbasket — Punjab and Haryana. No, they aren’t the rich ones buying luxury villas in exotic locales. They are the aspiring ones who expect to hit pay dirt as authorities in the former English colony provide agricultural...
More »Dip in Rupee Value Sees Rice Export Prices Drop
-TheWire.in A drop in rice export RATes from the top exporter, India, due to the falling rupee also weighed on demand for the Vietnamese variety. Bengaluru: Rice export prices in India fell this week as the rupee weakened, with the drop in RATes from the top exporter also weighing on demand for the Vietnamese variety. RATes for India’s 5% broken parboiled rice fell by $3 per tonne to $389-$393 per tonne this week. “Rupee...
More »NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)
-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...
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