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Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan

-ThePRInt.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government PRIoritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...

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Is TN’s breakfast scheme populist or pertinent? -Sunny Jose

-The Hindu The scheme scores well on focus, but whether it will lead to substantial or sustained improvements in nutrition is open to question Is the ‘Chief Minister’s Breakfast Scheme’ in Tamil Nadu required in a Dravidian welfare model state today or is it yet another populist scheme couched cleverly in the language of welfare of the poor? With a budget outlay of ₹33.5 crore in the initial phase, the new scheme...

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Mahindra tractor sales hit a high of 47,100 units in September

-The Hindu Exports were up 26 per cent at 1,613 units Mahindra and Mahindra Ltd’s Farm Equipment Sector (FES), a part of the Mahindra group, said tractor sales hit a high of 47,100 units in September 2022, as against 39.053 units in September 2021. This represented a 21 per cent year-on-year growth. “This is our highest ever sales in a month. With the Kharif crop harvest starting soon and crop PRIces holding firm,...

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Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan

-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset PRIces. Interest rates act as gravity to stock market PRIces The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...

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