-The Economic Times NEW DELHI: The crisis in the country's farmland has taken out one of the biggest spenders of the Economy from the demand-supply chain - farmers. The agrarian Economy employs more than 50 per cent of the workforce and therefore, affects a large number of total consumers in the Economy. Its conspicuous absence has resulted in weak aggregate earnings performance by India Inc, especially in the consumer durables, staples and auto...
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Budget likely to focus on rural-Economy schemes to blunt farm crisis -Zia Haq
-Hindustan Times The Modi government is looking to address a worrying agrarian crisis with a set of schemes and Budget provisions aimed at ramping up the larger rural Economy, rather than just the farm sector, people familiar with the development told HT. Budget 2015-2016 is likely to provide for a more effective Pradhan Mantri Krishi Sinchayin Yojana, a flagship scheme announced last year to create irrigation infrastructure, with substantially higher allocations. The...
More »‘Hike Budget outlay for all agri-related departments’
-The Hindu Business Line New Delhi: Several organisations and individuals have sought higher Budget outlays for all departments dealing with the agriculture sector if the Centre is really serious about farmers’ welfare. “Budget 2015-16 was a serious disappointment in that it actually cut down allocations for Ministry of Agriculture to levels less than 2011-12, i.e., five years earlier! (see table) …. It is clear that farmers’ welfare added to the Ministry’s...
More »Yogendra Yadav, leader of Swaraj Abhiyan, interviewed by Ajoy Ashirwad Mahaprashasta
-Frontline Former psephologist Yogendra Yadav, now a member of the political collective Swaraj Abhiyan, recently toured India’s drought-affected districts. He called it a Samvedna Yatra. During the tour, he took note of the agony in rural areas affected by what he calls “one of the worst droughts in independent India” The drought, according to him, has left farmers and the larger rural community in extreme distress, leading to damaging changes in...
More »Can India beat this slowdown? -Jayan Jose Thomas
-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world Economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world Economy is on the edge of another recession. Guess what...
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