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Flood situation in Assam, Bihar grim; improvement in West Bengal

-PTI NEW DELHI: The flood situation in Assam and Bihar remained grim on Tuesday with more deaths reported and lakhs remaining affected while it improved slightly in West Bengal. Ten deaths were reported in Assam, taking the toll in the Second Wave of floods in the state to 28, officials said. The Brahmaputra river and its tributaries are flowing over the danger level snapping surface communications across Assam, even as flood waters submerged...

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1.5 Million Jobs Lost During First Four Months of 2017, Says CMIE

-TheWire.in While this is likely a side-effect of demonetisation, more research is needed to unpack how India’s unemployment rate fell in January-April 2017. New Delhi: The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE). CMIE’s data is based on the result of consecutive waves of household surveys performed from January 2016...

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Political economy structures perpetuate myopic understanding of agriculture sector -Nirvikar Singh

-The Financial Express A half-dozen years ago, I participated in a conference on water resource challenges in India. I remember Upmanu Lall, professor at Columbia University, graphically and bluntly making the point that Punjab’s water table was not far from collapse. This has been known for years, and there have been feeble efforts to deal with the problem, but they have been far short of what is needed. My own understanding...

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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

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Drought dries up milk procurement in key States -Rutam Vora & Vishwanath Kulkarni

-The Hindu Business Line Accumulated stocks of skimmed milk powder insulate consumers from price hike Ahmedabad/ Bengaluru: The drought and heat wave across many States has impacted milk production, thereby affecting procurement by dairy co-operatives and private players. In the key milk-producing States of Maharashtra, Gujarat, Uttar Pradesh and Rajasthan, the procurement of liquid milk has dropped 20-50 per cent, which is more than the usual seasonal decline witnessed during summer. Experts blamed it...

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