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Salt to the wound -Prabhat Patnaik

-The Indian Express Government could have undone the damage of demonetisation through the budget. The opportunity has been missed in deference to the whims of global finance. Since 97 per cent of the value of demonetised Currency has returned to the banks, causing, contrary to the government’s expectations, very little extinction of Currency, it is obvious that demonetisation has totally failed to achieve its purported objective of denting the black economy. It...

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India sees record planting of wheat and pulses -Sayantan Bera

-Livemint.com While higher production of foodgrains may help better the agriculture growth rate of 4.1% estimated last month, a record crop will also help keep food inflation in check New Delhi: Farmers in India have planted the highest ever area under wheat and pulses in the ongoing winter crop season, raising hopes of a bumper crop in 2016-17, surpassing past records. While higher production of foodgrains may help better the agriculture growth...

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What Do the Numbers Tells? An Analysis of Union Budget 2017-18 -CBGA

-Centre for Budget and Governance Accountability Budget 2017-18 is placed at an important juncture when there has been a thrust by the government for a digitised and a consequent cashless economy with the demonetisation of high value Currency notes undertaken in November last year. A number of claims have been made in the budget speech by the Finance Minister regarding longer term benefits of this move for the Indian Economy. To...

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Cotton farmers counting the losses -Rutam Vora, KV Kurmanath and Vishwanath Kulkarni

-The Hindu Business Line Rising pest attacks are mounting pressure on cotton farmers even as prices play truant. Rajeshbhai Patel is not amused. The farmer in Kadi, northern Gujarat grew cotton on four bigha in this year’s kharif season, instead of 11 in 2016. He had reduced the acreage fearing increasing costs owing to pests attacks. But as cotton prices rule at unusually high levels in the ongoing harvest season, he...

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Why I fear Union Budget 2017 -Yogendra Yadav

-Firstpost.com I fear this budget. I fear that Finance Minister Arun Jaitley might announce an idea that I have liked and advocated: The idea of a Universal Basic Income. I fear it because Jaitley may use this label to justify something quite the opposite. In the process, he might ruin a good idea. Straws in the wind indicate that he might try something to this effect. Demonetisation was part of a grand...

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