Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
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Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku
-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as meat but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI: Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...
More »Why are farmers up in arms? Here's a quick primer to a deepening crisis
-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...
More »The best of times, the worst of times -Mihir Shah
-The Hindu Without government support, farmers pay the price for a bumper crop they labour so hard to produce The ongoing farmers’ agitation has taken on a shockingly violent form. Discussion has revolved around an apparent paradox: why are farmers rioting after a bumper crop? But any student of economics knows that prices fall after bumper harvests, which is good for consumers but terrible for farmers. This is why the government needs...
More »After beef ban, shortage in chicken supply -Jayashree Bhosale
-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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