-The Hindu Business Line The Finance Ministry has asked the Agriculture Ministry to complete the payout of two instalments of Rs.4,000 to farmers under the PM Kisan scheme by September 30. This is to boost rural demand in the coming festival season. PM Kisan or Pradhan Mantri Kisan Samman Nidhi is an income support scheme. It provides Rs.6,000 in three equal instalments annually. Initially, the coverage was limited to small and marginal...
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Slowdown stories from India's heartland -Sayantan Bera
-Livemint.com With sliding incomes, rural households are struggling to stay afloat and are curtailing consumption of essential goods Vidisha/ New Delhi: Ram Babu, who runs a hole-in-the-wall grocery store in Nateran village nestled deep inside Madhya Pradesh’s Vidisha district, doubles up as a daily wager. However, with villagers cutting on small purchases, sales in his shop are down. Moreover, landless households dependent on wage labour are unable to find work—a day of...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »Solution to economy's woes: Boost incomes of those who will spend it best -Harish Damodaran
-Financial Express Two measures can do much to bring back price sentiment and liquidity in agricultural markets, just when farmers are set to harvest a bumper crop. The current economic slowdown began with Bharat. It has to also end with Bharat. According to the National Statistical Office’s GDP estimates for April-June 2019 released on Friday, India’s agriculture sector — which includes forestry and fishing — grew 2.04% year-on-year during the quarter....
More »Slowdown Blues: Govt needs to raise income levels of working population to boost growth -Prasanna Mohanty
-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
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