-Livemint.com Average profit margin of farmers on all pulse varieties except gram (chickpeas) fell by 30% in 2016-17 year-on-year due to a record harvest and adverse government policies, said the CRISIL report New Delhi: The Profitability of poor farmers in India who are dependent on rain-fed irrigation and grow pulses fell sharply during 2016-17 due to a record harvest and adverse government policies, said a report released on Monday. Average profit margin of...
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Economic growth likely to be consumption-led
-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade,...
More »What ails the Centre's generics Rx initiative? -PT Jyothi Datta
-The Hindu Business Line Policymaking has sensibly shifted away from banning the prescription of brand names More than three months after Prime Minister Narendra Modi fired the salvo on getting doctors to prescribe medicines using their generic names, the discussion seems to be on a slow burner. From the strident position that all doctors will have to prescribe medicines using their generic or chemical names, there appears to be a more reconciled acceptance...
More »Why the Farmers in India are Up in Revolt -Subin Dennis
-Newsclick.in Forget 50 percent profit over the cost of production, the farmers were forced to sell their produce at well below the minimum support price and the cost of production, pushing them deeper into debt. Farming turning increasingly unviable across vast swathes of India, and the Narendra Modi-led government not delivering on the BJP’s election promise to “make agriculture rewarding” lie behind the massive protests that have rocked several BJP-ruled states in...
More »Note ban has and may continue to result in a slowdown, warns SBI
-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term...
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