-The Indian Express Government has called for import of 1 lakh tonnes of onion to help control rising prices. What has been causing the increase in prices since May, and how far can the new move be expected to reverse the trend? Pune: LAST WEEK, Ram Vilas Paswan, Union Minister for Food and Civil Supplies, directed the state-owned trading corporation MMTC to import 1 lakh tonnes of onions to help ease...
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Explained: How Punjab govt is zeroing in on farmers who need to be compensated -Kanchan Vasdev
-The Indian Express Following a Supreme Court order directing three states to compensate farmers who have refrained from burning paddy stubble on their fields, Punjab government is paying Rs 2,500 per acre. The Indian Express explains how the government is zeroing in on those managed the stubble in an environment friendly way * How many farmers have applied for compensation? The state government has received nearly 85,000 applications till date. The numbers...
More »Consumer spending falls for first time since 1973 due to low rural demand: NSO data
-India Today The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years Consumer spending dropped for the first time since 1973 on weak rural demand, according to National Statistical Office (NSO). Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7%...
More »Reviving growth: Focus on rural India -Aruna Sharma
-Financial Express If panchayat allocations are merged with MGNREGA to aid asset creation, it can trigger infrastructure growth, resulting in extra income and improved conditions. There is a lot of debate around 5% GDP growth and its impact on the organised sector. Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision...
More »Heavy rain hits harvest, Maharashtra faces crop loss of Rs 5,000 crore in 30 districts -Parthasarathi Biswas
-The Indian Express In many areas, farmers had harvested their crop but did not get time to shift the produce to a dry location as the rain caught them unawares. Farmers in Maharashtra are staring at crop loss of over Rs 5,000 crore across 30 districts after heavy rain caused extensive damage to standing crop in the last few days. The scale of crop loss may be even worse as authorities...
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