-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...
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Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »Global crash, local glut hit Gujarat milk market -Gopal B Kateshiya & Harish Damodaran
-The Indian Express Dairy farmers in Gujarat, till recently, were relatively insulated from the crisis faced by those growing cotton, groundnut or potatoes. Rajkot/ New Delhi: AFTER COTTON and groundnut, it’s milk that is turning sour for Gujarat’s farmers. A crash in global skimmed milk powder (SMP) rates, coupled with surging procurement by dairy unions affiliated to the Gujarat Cooperative Milk Marketing Federation (GCMMF), has led to an unprecedented glut. In the last...
More »Jaitley may lend an ear to farm sector -TV Jayan
-The Hindu Business Line Lingering distress in the sector may force the govt to think innovatively New Delhi: Agriculture sector, which suffered badly despite higher production in the last two years, may be a key focus area for the NDA government, when it presents its last full-fledged Union Budget before the 2019 general elections. Attending a function recently in the Capital, Union Finance Minister Arun Jaitley unequivocally said that that the farm sector...
More »White Truth: Milk turns sour for farmers on back of record powder stocks with dairies -Parthasarathi Biswas
-The Indian Express The dairies are blaming the current situation on the crash in international skimmed milk powder (SMP) prices Puntamba (Maharashtra): Since early September, Nitin Dhanvate’s dairy farm business has gone for a toss. Till around then, the 33-year-old from this village in Ahmednagar district’s Rahata taluka was receiving Rs 28 per litre for the milk containing 3.5 per cent fat and 8.5 per cent SNF (solids-not-fat) he was supplying to...
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