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Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)

-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

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Merchandise exports affected by global slowdown but not export of services

&NBSp; Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. &NBSp; A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...

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Centre may promote Farmer Producer Organisations, but will they address agrarian distress? -Richa Govil

-TheWire.in India already has several kinds of FPOs. So why have they not made a dent on farmers' woes? On July 5, 2019, the government of India announced its intent to promote 10,000 farmer producer organisations (FPOs) over the next five years, as part of its efforts to increase farmer income and reduce agrarian distress. &NBSp; Such collectivisation can be very powerful. The best known example of an FPO is that of Amul...

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Farm panel chief raises concern over sale of banned glyphosate herbicide

-The Times of India BATHINDA: The Punjab agriculture and farmers welfare department had banned glyphosate herbicide in October 2018, but the chemical is still being sold by an e-commerce company. Taking note of that, Punjab State Farmers and Farm Labourers Commission chairman Ajay Vir Jakhar has tweeted to ask the e-commerce giant Amazon to stop selling glyphosate herbicide in Punjab. Jakhar tweeted: "Punjab banned sale and use of glyphosate. You sell and...

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

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