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Motive behind demonetisation is justifiable but there may be collateral damage

There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...

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96% new RS members crorepatis, Praful, Sibal on top

-The Times of India NEW DELHI: Nearly all of the 57 parliamentarians newly elected to the Rajya Sabha are crorepatis with Praful Patel, Kapil Sibal and Satish Chandra Misra topping the charts. As many as 96 per cent or 55 are crorepatis and 13 have criminal cases against them according to an analysis by the Association for Democratic Reforms (ADR). NCP's Praful Patel has assets worth Rs 252 crore, followed by Kapil...

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The MGNREGA index -Shobhit Mathur & Nomesh Bolia

-The Hindu Figuring out key parameters on which to measure a State’s performance provides a playbook of best practices for others to follow. The Mahatma Gandhi National Rural Employment Guarantee Act of 2005 (MGNREGA) aims at “enhancing the livelihood security of people in rural areas by guaranteeing 100 days of wage-employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work.” In the financial year...

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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report

Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...

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Golden yields - Focusing on agriculture alone will not improve farm incomes -Shubhashis Gangopadhyay

-The Telegraph The recent budget talked about the government's plan to double farm incomes in the next five years. This will be done through investments in rural infrastructure, especially irrigation. About 50 per cent of land under foodgrain production in India is irrigated. This means that half of the foodgrain producing land in India faces weather uncertainties and, hence, those working on them face annual (seasonal) variations in income. These variations...

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