-The Hindu Business Line To make farmers aatmanirbhar, the governments should instead nurture a healthy credit culture and empower them via a robust ecosystem rather than relieving all the borrowers, irrespective of their distress levels. Only 4 out of the 21 political parties lost the election (either at the Centre or State) following the electoral promise and implementation of a farm loan waiver (FLW) scheme started by Haryana’s Devi Lal government. A...
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Why India is unlikely to double farmers' income by the end of this fiscal -Sanjeeb Mukherjee
-Business Standard The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal Earlier this month, the Central government said in a reply in Parliament that it has taken several measures to double farmers’ income by 2022 and that the progress made so far indicates that it is ‘on the right track’. However, a closer...
More »On the wheat trail: State granaries under strain, private traders make hay -Sandip Das
-Financial Express Crop loss, lower procurement to deplete FCI stocks; local supplies may suffice for PDS, free-ration schemes At Punjab’s Rajpura mandi, private traders are busy buying the wheat crop brought in by farmers at marginally above the minimum support price (MSP). Traders have been super-active in the mandi, one of the largest centres of wheat trade in the country, and their daily purchases often exceed the official procurement by the state-run...
More »After a hiatus, household consumer spending survey to resume in July -Vikas Dhoot
-The Hindu It helps arrive at estimates of poverty levels The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. India hasn’t had any official estimates on per capita household spending, used to arrive at estimates of poverty levels in different parts of the country and to review economic indicators like the Gross Domestic Product (GDP),...
More »Economic Crisis Deepens, Hate And Violence Rises -Subodh Varma
-Newsclick.in Religious bigotry and violence are meant to distract people from questioning sweeping unemployment, sky-high prices and faltering incomes. If you go by Sarkari views, India's Economy is on an upward bounce after the devastation caused by the Covid pandemic. But, in reality, there is ever-widening discontent because of the inability of the government to rein in prices of essential items, its complete neglect of job creation and low incomes that are...
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