-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....
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Surging prices of pulses to dampen festive spirit -Jayashree Bhosale
-The Economic Times PUNE: The seemingly inexorable rise in the price of dal was unabated on Thursday with some experts predicting that tur, urad and moong—staples of Indian households—could remain beyond the reach of consumers through Diwali and Christmas. With Wholesale Prices having risen by about 18% in a week and crossing the Rs 190/kg mark, end consumers may have to pay as much as Rs 200/kg for dal in a few...
More »India’s rural crisis, slowed farm growth may hurt 7.5% GDP dream -Zia Haq and Gaurav Choudhury
-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...
More »Small farmers hit by multiple adversities: UP agri dept -Sanjeeb Mukherjee
-Business Standard Uttar Pradesh's two main crops, wheat and sugarcane, have been facing a variety of problems in recent months Crop recasting, effective income security and a refocusing of the subsidy pattern to target small and marginal farmers are needed, went a presentation by the Uttar Pradesh agriculture department at the two-day national conference on rabi crops. The presentation was the basis of a discussion on the agrarian problem facing the country. Uttar Pradesh's...
More »Inflation falls to -4.95%, spurs deflation fears, rate cut hopes -TCA Sharad Raghavan
-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale Price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...
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