-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
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Centre revives plan to check e-tailers' discounts, freebies -Sidhartha
-The Times of India NEW DELHI: The government has revived plans to put e-commerce players on a tight leash, including imposing checks on discounting and unbridled cashbacks and freebies, in a bid to clamp down on “predatory behaviour”. Sources told TOI that the commerce and industry ministry is looking at ways to strengthen the e-commerce sector while safeguarding the interests of domestic Retailers. Many of them are complaining about serious loss of...
More »Decoding the CSO's backcasting of national income data -KR Srivats
-The Hindu Business Line ‘GDP growth rates for 2004-11 were bound to come down’ New Delhi: “You can slice and dice the data anyway you want, but India’s GDP growth rates between 2004 and 2011 were bound to come down in the backcasting computation effort,” said TCA Anant, former Chief Statistician of India. When the new base year of 2011-12 came out, the Central Statistics Office (CSO) had documented and recognised that the...
More »Onion Farmers Remain at Mercy of Market Ups and Downs as Prices Crash Again -Kabir Agarwal
-TheWire.in Farmers have been forced to sell at prices as low as Re 1 per kg, but the Modi government’s focus remains on controlling a rise in prices. New Delhi: Last week, Sanjay Sathe, an onion farmer from Nasik district in Maharashtra, made headlines. He had donated Rs 1,064 to the Prime Minister’s Disaster Relief Fund – the amount he had earned after selling 750 kg of onions. It translated to less...
More »Why farmers are angry: a ready reckoner -Vivek Kaul
-Newslaundry.com Quick fixes like loan waivers and MSPs don’t solve the basic problem. On December 2, 2018, PTI published a story on Sanjay Sathe of Nashik district. Sathe had grown 750 kg of onions this season. He was offered a rate of Rs. 1 per kg in the wholesale market when he tried selling them. He finally managed to negotiate a deal where he was paid Rs. 1,064 for 750 kg....
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