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Why higher govt spending is crucial to contain rural distress

-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural Economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural Economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...

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Well-stocked granaries may help hold rice price line, says trade body -Vikas Vasudeva

-The Hindu But an Assocham study has warned of an increase in prices Amid concern that the price of rice may be next to shoot up after those of pulses and onion, trade bodies put forth divergent views. V.S. Sethia, former president and currently a governing council member of the All-India Rice Export Association, told The Hindu that apprehensions of a sharp rise in rice price were baseless as ample stock of regular...

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India walks to work: Census -Rukmini S

-The Hindu Over a fifth of non-agricultural workers in India commute to work on foot, followed by commutes by cycle, moped or motorcycle and bus, new data from the Census shows. Fewer than three per cent take cars or vans, and over half travel less than five kilometres. On Thursday, the office of the Registrar General of India released data on commutes for the 200 million working Indians who are neither...

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Commission Agent System: Significance in Contemporary Agricultural Economy of Punjab - Sukhpal Singh and Shruti Bhogal

-Economic and Political Weekly Despite favourable policy measures, growth of financial institutions and public interventions in the marketing of agricultural produce, the structure of Punjab's agricultural Economy makes farmers dependent on commission agents. These agents trap the farmers in a vicious circle of indebtedness. Based on a field survey, this study locates the commission agent system in Punjab's agriculture set-up and recommends reframing it in order to extricate farmers from the...

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Why Worry About Inequality in India? -Sumit Mishra

-Livemint.com Data on incomes and wealth suggest India is far more unequal than official estimates based on consumption expenditure data suggest Inequality is in the news once again and the news is not particularly good. In a speech last month, Reserve Bank of India governor Raghuram Rajan commented that increasing inequality could be curtailing world demand. Since the rich typically spend a smaller portion of their income compared with the poor—who spend...

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