-Outlook Economist Abhijit Sen on how Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Former chairman of the Commission for Agricultural Costs and Prices, economist Abhijit Sen, in an interview with Lola Nayar, explains that Prime Minister Narendra Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Sen expects a tax amnesty scheme...
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Pulses policy must break new ground -G Chandrashekhar
-The Hindu Business Line This kharif, with its high pulses output, provides an opportunity to push procurement, processing — and lift curbs on exports Pulses have been in the news over the last one year and for all the wrong reasons. Sharply lower harvests two years in a row (2014-15 and 2015-16) due to a below-normal southwest monsoon in the kharif season and unseasonal rains during the rabi harvest combined with rising...
More »Delhi poultry traders brace for bird flu hit, say mutton prices may go up -Sweta Goswami
-Hindustan Times New Delhi: The poultry market in Delhi is bracing for major losses as demand for chicken has begun to fall after the government on Wednesday confirmed bird flu cases in the capital. As a consequence, mutton prices may spike. For poultry suppliers, the timing of the outbreak couldn’t have been worse as their sales had just started picking up after the lull during the Shravan period in July-August. “As soon as...
More »How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »Government can now fix retail prices of essential commodities
-PTI This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets To check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extraordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. “We have...
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