-Newsclick.in Even if the wage rates under MGNREGA are doubled and if jobs are provided for at least 100 days in a year as per the law, the extra expenditure would not exceed 1% of GDP. The growth rate is slowing down in India neither because of lower productivity of the labourers or that of the land, nor because of shortage of labour or productive capacity, but because of the lack of...
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Market incentives, direct income support for farmers are far more effective in increasing agricultural productivity -Ashok Gulati & Sakshi Gupta
-The Indian Express India can learn three lessons from China — investing more in agri-R&D and innovations, improving incentives for farmers by carrying out agri-marketing reforms, and collapsing input subsidies into direct income support on per hectare basis. India and China, the world’s most populous countries, have limited arable land — China has about 120 million hectares (mha) and India 156 mha. The challenge before the two countries is to produce...
More »Consumption in rural India hits a 7-year low -Suneera Tandon
-Livemint.com * Farm distress, stagnant incomes have eroded demand, shows Nielsen data * Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8% Rural household consumption slumped to a seven-year low in the September quarter, in a sign that the prolonged agrarian distress and near-stagnant rural incomes have eroded demand for consumer goods, market researcher Nielsen said. Consumption of packaged consumer...
More »Curbing black money: Printing of Rs 2,000 notes stopped, says RTI reply -Kumar Vikram
-The New Indian Express According to the central bank’s RTI reply, 3,542.991 million notes of Rs 2,000 were printed during the financial year 2016-17. NEW DELHI: Have you been wondering why the ATMs have been barely dispensing Rs 2,000 notes for last few months? That’s because the printing of the high-value note has been stopped, the Reserve Bank of India informed this newspaper in reply to an RTI query. The Bharatiya Reserve Bank...
More »Cotton crop in peril in Maharashtra on increasing whiteflies attacks -Rahul Wadke
-The Hindu Business Line Mumbai: The cotton crop in Maharashtra is facing whiteflies attacks and if enough attention is not provided by the State Government then the problem could aggravate and cause significant economic damage, senior Maharashtra Government officials told BusinessLine. Changes in weather and higher moisture content in the air coupled with the use of synthetic Pyrethroids for killing pink bollworms has lead to the ingress of whiteflies, such pesticides act...
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