-PTI The estimates include the direct and indirect cost of violence as well as an economic multiplier New Delhi: Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report. The findings are part of the report prepared by the Institute for Economics and Peace (IEP) based on...
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Why NPCI and Facebook need urgent regulatory attention
-The Economic Times The world’s oldest networked infrastructure, money, is increasingly dematerialising and fusing with the world’s latest networked infrastructure, the Internet. As the network effects compound, disruptive acceleration hurtle us towards financial utopia, or dystopia. Our fate depends on what we get right and what we get wrong with the law, code and architecture, and the market. The Internet, unfortunately, has completely transformed from how it was first architected. From a...
More »PMFBY: Modi govt's crop insurance scheme sees decline in farmers' enrolment -Namrata Acharya
-Business Standard Between FY16 and FY17, the number of farmers enrolled in the scheme declined from about 57.3 million to about 48.5 million, a fall of around 15% Kolkata: The Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Narendra Modi government, has entered its third year of operation, albeit with a substantial decline in farmers' enrolment in its second year, the data reveals. Between FY16 and FY17, the...
More »Does growth in pulses output mean India has reached self-sufficiency? -Harish Damodaran
-The Indian Express India’s pulses production increased by nearly half in the space of two years, from 16-17 million tonnes to 23-24 million tonnes this year New Delhi: Till recently, there were two agri-commodities in which India was seen as being perpetually and increasingly import-dependent: edible oils and pulses. Between 2010-11 and 2016-17, the import value of the former soared from $4.72 billion to $10.89 billion, while from $2.25 billion to $4.24...
More »Centre allows import of pulses despite farmers sitting on huge stocks -Rajesh Bhayani
-Business Standard 1.5 million quintals of tur to be imported under MoU between India and Mozambique, even as farmers hold 4 times more Mumbai: In what appears to be another instance of farmers’ interests being hurt for no fault of their own. And this time, too, it's pulses. The year 2016-17 was a crisis year for pulses, with prices skyrocketing past the Rs 100-150 per kg mark amid crop failure. In the following years,...
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