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Farmers sell pulses at a loss as wholesale prices dip below MSP -Sayantan Bera

-Livemint.com Wholesale prices of just-harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output New Delhi: Wholesale prices of just harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output, forcing farmers to sell their produce at a loss in states such as Rajasthan. For instance, price data from wholesale markets available on the Agmarket website showed that on...

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Mixed Signals from the External Sector -CP Chandrasekhar

-NetworkIdeas.org A slew of numbers released recently point to rather peculiar and contrary trends in India’s balance of payments. Exports have revived but the trade and current account deficits widen, pointing to an excess of foreign exchange expenditure relative to earnings. While the widening current account deficit points to a weakening balance of payments position, foreign exchange reserves are at record levels. The foreign exchange reserve increase is funded largely by capital...

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India slammed for slavery, we need to counter: IB to Govt -Jay Mazoomdaar

-The Indian Express It underlined that the US government funded the 2017 report which estimated 40 million slaves in the world, including 25 million in the Asia-Pacific. WARNING that “global documentation on slavery is increasingly targeting India as home to the highest number of slaves in the world,” the Intelligence Bureau in a “secret” note has recommended a strong campaign to “discredit” the information and a diplomatic offensive against it. The Bureau submitted...

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I need to speak up now -Yashwant Sinha

-The Indian Express The economy is on a downward spiral, is poised for a hard landing. Many in the BJP know it but do not say it out of fear I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy. I am also convinced that what I am going to say reflects the sentiments...

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No tax refund, no working capital: How GST is hurting Indian exporters -Mayank Jain

-Scroll.in Exporters claim that delays in refunds under the new tax code has tied up a substantial amount of their money, thus harming their businesses. Delays in processing tax refunds under the new Goods and Services Tax regime has locked up the funds of exporters, hurting their businesses and affecting their ability to be competitive in international markets. On September 19, a delegation of exporters met Revenue Secretary Hasmukh Adhia, who is...

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