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The circle of Economy. the cycle of drought -Sharad Vyas

-The Hindu Drought has devastated once-prosperous Latur. In this two-part series Sharad Vyas (text) and Vivek Bendre (photographs) report from the parched district. Latur: The water train chugging into Latur last week captured national attention. But it took the spotlight away from the daily struggle of lakhs of people facing the immediate consequences of extended drought and acute water scarcity in Latur district. The vagaries of nature have already taken their toll:...

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Job scheme target cut belies hopes -Basant Kumar Mohanty

-The Telegraph New Delhi: Projected work under the rural job guarantee scheme for 2016-17 is down 10 per cent after a rare boost in the last financial year, suggesting a tightening of the purse strings following a year of heavy expenditure on the programme. The rural development ministry has approved the generation of 217 crore person-days of work under the Mahatma Gandhi National Rural Employment Guarantee Act, following last year's approval for...

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Lessons for unifying agricultural markets -Vyasan R

-The Indian Express Karnataka’s experience shows success depends on taking along all stakeholders. The government of India launched the National Agricultural Market Scheme in July 2015 in 585 markets and has, since April 14, started e-trading on the platform. This is in line with the Union Budget’s target to double farmers’ incomes in six years. To be sure, a doubling of incomes by 2022 would require them to grow at an annual...

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Rural Push in Budget 2016-17: Rhetoric versus Reality -Himanshu

-Economic and Political Weekly Budget 2016-17 recognises that the rural Economy.is in crisis; however, it fails to address this with sufficient targeted rural spending. A perusal of budget documents reveals exaggerated expenditure claims, achieved through reclassification of budget heads. There has been an enduring neglect of agriculture, which is further exacerbated by this year's reduced subsidies for fertiliser and food. This will induce further vulnerabilities in the rural Economy. Please...

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Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan

-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...

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