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Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha

-The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively. The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock...

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Farmers in Rajasthan pray for favourable weather

-The Times of India JAIPUR: Already upset with the abnormal weather conditions during March and April for two consecutive years, the farmers in Hadoti region and other parts of the state are jittery again.Though no abnormal conditions hinting at hail or dust storm have been witnessed so far, the farmers are praying to their local deities asking for favourable weather. It may be recalled that Prime Minister Narendra Modi had presented `Krishi...

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Study highlights dismal condition of women farmers -Jitendra

-Down to Earth Women farmers, whose contribution to agriculture is equal or sometimes even more than their husbands, are often ignored A study conducted in rural Tamil Nadu points out the appalling condition of women farmers, especially after the death of their husbands. Conducted in January by the Tamilnadu Federation for Women Farmers’ Rights in 13 villages across six state districts, the study reveals that a famine-like situation due to poor monsoon...

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Consumption mystery could be traced to piling up of inventories -Aanchal Magazine

-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...

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Agricultural credit: Tamil Nadu, Punjab in preferred states' list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das

-The Financial Express Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity. And...

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