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Gold and note ban: How black money turned white, then yellow -Rajesh Bhayani

-Business Standard Gold Imports in January-March 2017 were the most since the same quarter of 2013 January-March 2017 has been the best fourth quarter in terms of gold Imports since early 2013. Gold Imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone. But for the blip in December, gold Imports have gone up significantly following the government’s announcement of demonetisation,...

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Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar

-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on Imports and...

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Farmers need better prices

-The Hindu Business Line The Government should honour its MSP promise and lift trade curbs The Government move to impose an import duty of 10 per cent on wheat and tur is a timely one. With a bumper harvest likely in wheat this year, market prices have dropped below MSP. Apart from estimates of higher arrivals in mandis, higher Imports in recent months too have hit prices. In January alone, 1.13 million...

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Karnataka wants Centre to buy more tur for buffer stocks, extend purchase period -Vishwanath Kulkarni

-The Hindu Business Line Bengaluru: Prices of tur (red gram) continue to rule below the minimum support price (MSP) levels in Karnataka, though procurement of the pulses crop is seen registering a 10-fold increase in the current year over the previous high. As a result, the State is approaching the Centre to increase procurement by another 1.5 lakh tonnes while extending the purchase period by a month. “The procurement we have done this...

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Govt considering imposing import duty on wheat: Agriculture Secy

-PTI New Delhi: The government is considering imposing import duty on wheat in order to protect farmers amid projections of a record output this year, Agriculture Secretary Shobhana K. Pattanayak said today. On December 8, the government had reduced customs duty on wheat to zero from 10 per cent to boost domestic availability and check retail prices. Now that the country is all set to harvest a record production of 96.64 million tonnes...

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