-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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Agri Ministry wants tax exemption for FPOs
-The Hindu Business Line Women farmers face the brunt; GST adds to their woes New Delhi: The Agriculture Ministry has written to the Finance Ministry seeking income-tax exemption for farmer produce organisations (FPOs), particularly for those that are registered as farmer producer companies (FPO) under the Companies Act. “These FPOs were brought in to negotiate the problems that are faced by cooperative societies. So they are naturally eligible for all the benefits that...
More »India, China jointly propose removal of US, EU farm subsidies -D Ravi Kanth
-Livemint.com India and China joint proposal on elimination of $160 billion of trade-distorting farm subsidies in the US and EU has come as a game changer in global farm trade negotiations at the WTO Geneva: China and India have jointly proposed the elimination of $160 billion of trade-distorting farm subsidies in the US, European Union and other wealthy nations, a move that has come as a game changer in global farm trade...
More »Additional Rs 6,39,900 crore investment needed to double farmers' income
-PTI NEW DELHI: An additional investment of Rs 6,399 billion is required from both public and private sectors to enable doubling of farmers' real income by 2022-23, a government committee said in its latest report. At present, public investment is below national average in states like Assam, Kerala, Uttar Pradesh, Madhya Pradesh, Bihar, West Bengal, Tamil Nadu, Rajasthan, Punjab and Odisha. Less developed states in the eastern region continue to lag behind in...
More »What is the cost of doubling farmers' income by 2022? -Richard Mahapatra
-Down to Earth The farmers have to make an investment of Rs 463 billion in the next five years A “New India” is the latest national agenda. Prime Minister Narendra Modi, in his fourth Independence Day speech, made an appeal with his trademark gesture of both hands pointing towards the gathering: “A new India that would fulfil the dreams of the young and women, and see the income of farmers double.” Doubling...
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