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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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Centre should implement land reforms to prevent farmer suicides: Mahila Kisan Adhikaar Manch -Ritwika Mitra

-The New Indian Express Activists said women’s lack of visibility as farmers due to lack of land ownership is not reflected in the farmer suicide numbers published by the states. NEW DELHI: The government should implement land reforms on a priority basis in order to prevent farmer suicides, said Mahila Kisan Adhikaar Manch (MAKAAM), a forum fighting for the rights of women farmers. Activists said women’s lack of visibility as farmers due to...

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Govt may pump more funds into NREGS to boost rural economy -Saubhadra Chatterji & Zia Haq

-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...

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Consumption in rural India hits a 7-year low -Suneera Tandon

-Livemint.com * Farm distress, stagnant incomes have eroded demand, shows Nielsen data * Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8% Rural household consumption slumped to a seven-year low in the September quarter, in a sign that the prolonged agrarian distress and near-stagnant rural incomes have eroded demand for consumer goods, market researcher Nielsen said. Consumption of packaged consumer...

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PMFBY: Farmers Quitting Scheme But Premium Collection Rises -Subodh Varma

-Newsclick.in Latest data shows that insurance companies have pocketed over Rs. 10,000 crore surplus in two years. The number of farmers enrolled in the Modi government’s flagship crop insurance scheme (Pradhan Mantri Fasal Bima Yojana or PMFBY) dipped further to 343 lakh in kharif (summer) crop season of 2018-19 year, according to latest information revealed at the annual Kharif Conference organised by the Agriculture Ministry in Delhi on April 25-26. When the...

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