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Monsoon forecast lifts up mood: As agri shines, will it rain returns for these stocks?

-The Financial Express After PRIvate weather forecaster Skymet on Wednesday predicted normal monsoons In India, research firm HSBC says that it will provide a boost to the agricultural sector. Interestingly, Skymet has forecast a a 20% chance of above normal monsoon, and a 5% probability of excess rain in 2018-19. HSBC notes that the agriculture sector is slated to benefit from it, as 70% of the total rainfall is attributable to...

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'Skill India' urgently needs reforms -Santosh Mehrotra & Ashutosh Pratap

-The Hindu There is no way the country can reap its demographic dividend without fixing vocational education Salvaging the Indian demographic dividend must be a key part of India’s growth story. In 2016, the Government of India formed the Sharada Prasad Committee to rationalise the Sector Skill Councils (SSCs), which are employer bodies mostly promoted by the Federation of Indian Chambers of Commerce and Industry, the Confederation of Indian Industry and other...

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Forget more jobs, employment fell in first 2 years of Modi government -Pragya Srivastava

-The Financial Express An RBI-backed research by KLEMS India shows that the employment in 27 sectors fell by 0.2% and 0.1%, respectively in the years 2014 and 2015. For a long time, there is a contention that India’s impressive growth story has been devoid of a similar expansion in jobs, with the proponents, on the other hand, calling the theory a hoax. In absence of comprehensive jobs data, India’s actual employment story...

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Farmer support: Centre looking to spend Rs 200-250 bn on MSP procurement -Sanjeeb Mukherjee

-Business Standard Decision likely soon, states will be free to adopt one or more of the models suggested New Delhi: The Central government is looking at spending a minimum of Rs 200-250 billion initially along with the states in ensuring that farmers get the benefit of Minimum Support PRIce (MSP) either through direct procurement of goods or a system of PRIce Deficiency Payment on the lines of Madhya Pradesh’s Bhawaantar Bhugtan Model. Officials...

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U'khand govt to purchase millets, food grains directly from farmers -Deep Joshi

-Hindustan Times In a “maiden initiative” by the Uttarakhand government aimed to enhance farmers’ income, the state-owned Mandi Parishad (whole sale market) will directly buy farm produce like millets and food grains from them In a “maiden initiative” by the Uttarakhand government aimed to enhance farmers’ income, the state-owned Mandi Parishad (whole sale market) will directly buy farm produce like millets and food grains from them. “Farmers growing millets and food grains would...

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