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India lost 11 million jobs in 2018, rural areas worst hit: CMIE

-BusinessToday.in The analysis report showed individuals from vulnerable groups, namely women, uneducated, wage labourers, agricultural labourers and small traders, being the worst hit by job losses in 2018. Job scenario turned bleak in the past year, as almost 11 million Indians lost their jobs during 2018, a report by the Centre for Monitoring Indian Economy (CMIE) said. The analysis report showed individuals belonging to vulnerable groups being the worst hit by job...

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Slackening of demand indicators weakens India's growth impetus -Aanchal Magazine

-The Indian Express Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation...

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A double-edge sword for farmers -- Loan waivers shrink credit supply to the farm sector -Kushankur Dey

-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...

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Young and wasted -TK Rajalakshmi

-Frontline.in The 2018 Global Nutrition Report points to the link between income and malnutrition but falls short of examining critical factors such as enhanced public spending that determine the levels of hunger and nutrition. In 2017, fewer than one in five children, six to 24 months of age, in the world ate a minimally accepted diet. More than half of them in the same age group did not get the recommended number...

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Core inflation flourishes in Rural India amid growing agrarian crisis -Aparna Iyer

-Livemint.com Inflation for services and a few discretionary items has been higher in rural areas compared to urban centres When income is stagnant, a logical outcome could be curtailing expenditure. But rural India seems to be fine with paying higher prices for services that range from education to matinee shows. The chart above shows inflation for services and a few discretionary items has been higher in rural areas compared to urban centres. It...

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