-PTI Job cuts may affect technical staff too, says dealers’ association Around two lakh jobs have been laid off across automobile dealerships in the country in the last three months as vehicle retailers attempt to tide over the impact of the unprecedented sales slump, according to industry body FADA. With no immediate signs of recovery, the Federation of Automobile Dealers Associations (FADA) fears that the job cuts may continue with more showrooms being...
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Govt mulls paying fertiliser subsidy directly to farmers under phase 2 of DBT scheme
-The Hindu Business Line The government bears over Rs. 70,000 crore annually as subsidy to provide cheaper farm nutrient to farmers. The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday. In October 2017, the first phase of fertiliser DBT was rolled out, under which subsidy is being transferred to companies...
More »Supply squeeze, monsoon fears lift tur prices -Vishwanath Kulkarni
-The Hindu Business Line Prices of pulses — mainly Tur and Tur dal — are on the rise due to factors such as a supply squeeze, monsoon concerns and increase in consumption. Bengaluru: Tur prices in the major markets of Maharashtra and Karnataka have moved up by about ?1,000 a quintal over the past month to exceed the minimum support price (MSP) level of Rs.5,675. They are currently ruling at Rs.5,700-5,900 a...
More »Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »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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