Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
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Why are farmers up in arms? Here's a quick primer to a deepening crisis
-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary MEAsures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...
More »Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku
-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as MEAt but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI: Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...
More »Calls for farm loan waiver in Haryana as potato prices crash, farmer debt surges -Sayantan Bera
-Livemint.com Farm loan waivers have been announced in Maharashtra and promised by PM Narendra Modi in Uttar Pradesh, then why should Haryana, another BJP state, be left behind, questions a farmer Kurukshetra/ New Delhi: Next to a sprawling mango orchard, a four-hour drive from the capital, birds peck on worms emerging from rotting potatoes heaped by the wayside. The shade of giant mango trees offers relief from the heat of this hot...
More »Two charts show why western Madhya Pradesh became the epicentre of violent farmer protests -Mridula Chari
-Scroll.in Soyabean, the main crop of Malwa region, has seen a sharp fall in prices. As a small-time commission agent who buys soyabean from farmers on behalf of oilseed crushing companies in Indore, Manilal Patel has a ringside view of what sparked the farmer unrest in western Madhya Pradesh this month. The fertile Malwa plateau here produces around 20% of India’s’s soyabean. As much as 80% of the crop used to be...
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