-The Hindu Without factoring in agriculture, the vision of a $5-trillion economy will remain a distant dream India’s dream of becoming a $5-trillion economy by 2024 is now in the open with a ‘blue sky’ vision envisaged in the Economic Survey this year. The document lays down a clear strategy to augment the growth of key sectors by shifting gears as the current economic conditions are smooth in terms of macroeconomic stability...
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Creating a fair digital payments market -Padmashree Gehl Sampath
-The Hindu Local firms will be at a disadvantage if big tech companies are given plum roles Since early last year, WhatsApp has busily piloted its payment system in India. WhatsApp Pay relies on the Indian government’s Unified Payments Interface (UPI) system to facilitate inter-bank transactions. Regulatory approval that would allow its nation-wide introduction is stuck on one point: the Indian government has asked WhatsApp to localise all data processing related to...
More »FSSAI to launch sampling and testing scheme for licensed dairy units -Meenakshi Verma Ambwani
-The Hindu Business Line To establish a self-monitoring mechanism for dairy establishments. Food Safety and Standards Authority of India (FSSAI) on Friday said it plans to launch a scheme for sampling, testing and inspection of milk, in a bid to set up a self- monitoring mechanism for licensed dairy establishments. The food safety authority said this move is expected to strengthen internal controls at the licensed dairy processing establishments. Under this scheme, milk...
More »Agriculture sector representatives submit Budget wish list to finance minister -Madhvi Sally
-The Economic Times The government must extend benefits of the PM Kisan scheme to landless farmers and farm workers, said Ajay Vir Jakhar, chairman of the Bharat Krishak Samaj. Promote agri- startups particularly in rural regions, expand micro-irrigation, treat solar energy as third crop to augment income of farmers and enact labour reforms to push creation of off-farm jobs, were few of the suggestion which representatives of the agricultural and rural development...
More »To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra
-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east Asia, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...
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