-The Economic Times PUNE: Chicken prices have shot up in recent times and have been hovering above Rs 180/kg (retail rates) in big cities for close to a month now due to an increase in demand because of beef ban and Ramadan. High temperatures too have caused a supply shortage across the country, unlike in the past, when the shortage was restricted to a few regions. Currently , the retail price for...
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Mandsaur agitation: How Demonetisation brought MP farmers onto streets -Aman Sethi and Punya Priya Mitra
-Hindustan Times In Mandsaur, Demonetisation has disrupted every aspect of the rural economy – land markets, credit networks, procurement, and crop prices. Mandsaur (Madhya Pradesh): Traders rued their burnt shops, farmers mourned the death of their sons to police bullets; but as four days of violence drew to a close, both sides could only speak of one thing: Demonetisation. “Notebandi destroyed the trust between farmer and trader,” said Sunil Ghatiya, a soybean trader...
More »Economic forecasting is not a science -Prashanth Perumal
-The Hindu India lost its tag as the ‘world’s fastest-growing economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the Demonetisation of high-value rupee notes in November. Critics of Demonetisation felt vindicated, particularly after GDP figures for the third quarter...
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...
More »The crops of wrath -Harish Damodaran
-The Indian Express Demonetisation may not have hit agriculture production but it is the cause for the current unrest When Demonetisation happened, many, including this writer, thought the decision, taken at the start of rabi plantings in November, would significantly impact farm production. We were proved wrong. Good monsoon rains, after successive drought years, besides the timely onset of winter conducive to germination, turned out to be strong motivations for farmers...
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