-The Hindu India lost its tag as the ‘world’s fastest-growing Economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the Economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter...
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Mandsaur agitation: How demonetisation brought MP farmers onto streets -Aman Sethi and Punya Priya Mitra
-Hindustan Times In Mandsaur, demonetisation has disrupted every aspect of the rural Economy – land markets, credit networks, procurement, and crop prices. Mandsaur (Madhya Pradesh): Traders rued their burnt shops, farmers mourned the death of their sons to police bullets; but as four days of violence drew to a close, both sides could only speak of one thing: demonetisation. “Notebandi destroyed the trust between farmer and trader,” said Sunil Ghatiya, a soybean trader...
More »Farmer's protest: Fault lines in the fields -Mahesh Langa & Jayant Sriram
-The Hindu From a persisting cash crunch due to demonetisation to a price free fall because of a bumper produce, it’s a big bag of woes for farmers in Madhya Pradesh and Maharashtra. Mahesh Langa and Jayant Sriram report on the gathering storm as their protests for a fairer deal threaten to escalate Abhishek Patidar, 19, had just passed his Class 11 exam this year with dreams of becoming a doctor. His...
More »Farmers prepare for Kharif crops as monsoon sets in -Madhvi Sally
-The Economic Times NEW DELHI: Farmers have started preparing land for growing kharif crops following onset of monsoon rains in some parts of the country. This time round, farmers are expected to bring 107 million hectares under cultivation for paddy, soyabean, pulses, cotton, bajra, jowar, groundnut and maize, raising hopes of a bigger grain harvest this year. Companies and analysts said the acreage under cotton could surpass soyabean and pulses as prices are...
More »Getting back on the growth track -C Rangarajan
-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years. The differences are in...
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