-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point RATe hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...
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Target incomes, not prices -Puja Mehra
-The Hindu Income support must be provided to at least the most vulnerable farmers Our farm policy is so bad, the proverb ‘you reap what you sow’ isn’t true any longer. A bumper crop is no different from a drought, for it too depresses farm incomes. Good rains, excessive sowing and the bumper harvest last year produced gluts in the market that sent the prices of many crops, and therefore farm incomes, crashing....
More »A broken tax chain -Arun Kumar
-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...
More »Here's how kharif planting gets a monsoon booster across the country
-Business Standard In the case of paddy, the current bout of rain should push transplanting crops from nurseries in Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar Mumbai/ New Dehi: The southwest monsoon, after a relatively lull phase, has become active over the past two days in belts of eastern, central, northern and western India where mainly pulses, oilseeds, cotton, and paddy are grown. There are forecasts of heavy to very heavy rain. In...
More »Failed borewells and farmer suicides: The human cost of Anantapur's agrarian crisis -Haripriya Suresh
-TheNewsMinute.com Water is a resource that will never run out, they say; but its scarcity has been the undoing of many families in Kadiri, a town in Andhra Pradesh’s Anantapur district. Anantapur district has seen varying degrees of drought for many years now. Barren lands and wilting crops are a common sight in these parts. The sun beats down on you and wears you out, and there is no water in...
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