-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
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Explained: Why the govt wants to change the definition of MSMEs -Udit Misra
-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....
More »A difficult time for the economy -Renu Kohli
-The Telegraph It must be ensured that growth does not slide down further Economic news has been increasingly dismal for some time. The decline in economic activities since January-March 2018 accelerated this year, gathering pace in recent months and prompting concern it could turn into a recession. Some commentators argue the economy is in a recession; others disagree, saying growth is decelerating. Since recessions are defined as periods of negative real gross...
More »Subhash Palekar, father of Zero Budget Natural Farming, interviewed by N Madhavan (The Hindu Business Line)
-The Hindu Business Line Speaking to BusinessLine at a farm on the outskirts of Aurangabad, Subhash Palekar, father of ZBNF, rebuts every criticism and allays every fear that have been raised The Modi government sees zero budget natural farming (ZBNF) as a solution to the farm crisis. The 2018-19 Economic Survey recommended it and so did the 2019 Union Budget. In fact, Prime Minister Narendra Modi surprised many by asking farmers not...
More »Industrial production shrinks to minus 1.1% in August
-NDTV The cumulative growth in April-August over the corresponding period of the previous year was 2.4 per cent. Signs of economic slowdown became more pronounced after country's industrial production or factory output, measured by the estimate of Index of Industrial Production (IIP) registered its worst slump in more than six years in August. The IIP shrank by 1.1 per cent in August compared with an expansion of 4.3 per cent in...
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