-RuralIndiaOnline.org Despite the slow decline of the renowned handlooms of Dharmavaram in Andhra Pradesh, Shankara Dhanunjaya tried to work hard and prosper. But in 2016, at the age of 35, debts, crumbling dreams and crushing policy changes drove him to suicide All the handloom halls Into mortuary rooms Being metamorphosed That inexplicable sorrow! (From ‘Maggam bathuku’ an epic poem by Dr. U. Radheya, who is from a family of weavers; translated by Dr. P. Ramesh Narayana) In...
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Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend -Mayur Shetty
-The Times of India MUMBAI: Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016. The change is largely driven by small public sector...
More »Why Are Global Trade Rules Not on the Agenda During Indian Elections? -Shalini Bhutani
-TheWire.in In a country where a majority of the population is engaged in increasingly unviable agriculture, shouldn’t politicians talk about the trade rules that make it so? One cannot help but draw parallels between the elections in the US and those in the states in India. While it is best left to psephologists to analyse voting patterns and election results, it’s telling to compare the issues on which the elections are...
More »Wholesale prices up 5.25% year-on-year in January -Kirtika Suneja
-The Economic Times NEW DELHI: India's wholesale inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released by commerce and industry ministry on Tuesday showed WPI inflation at 5.25% compared with 3.39% in December. Fuel and power inflation rose 18.14% in January from 8.65% in December. WPI inflation in manufactured products, which has a 64.97% weight in the index, increased...
More »Fortification plan for food
-The Telegraph New Delhi: The Centre has proposed making food fortification mandatory for all staples like rice, wheat flour, edible oil and milk to fight malnutrition but some experts have urged a cautious approach, warning of hidden costs and unproven health benefits. The Telegraph had reported in January 2016 that Prime Minister Narendra Modi had pushed the idea of universal fortification - addition of key vitamin and minerals to foods to improve...
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