-The Hindu Can the RBI’s reduction in borrowing costs help check the demand slowdown? India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. GDP growth is projected to have eased to 6.6% in the October-December period. With the CSO now forecasting the full-year expansion at 7%, fiscal fourth-quarter growth is implicitly pegged at an even slower 6.5%. At that level, growth...
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Analysis: What the Congress wants and the BJP doesn't -- a focus on demonetisation -Varghese K George
-The Hindu Unlike surgical strikes and raids in Pakistan, the proof of the impact of demonetisation is evident. Prime Minister Narendra Modi often speaks of his ‘bold decisions’ but he rarely publicises the boldest of all his decisions in this entire career — demonetisation. The abrupt announcement on November 8, 2016 to invalidate currency notes of ?500 and ?1000 was indeed decisive. But during this campaign, that is unlikely to be the...
More »'Access to formal credit increases income of farmers' -TV Jayan
-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to institutional credit increases the per capita monthly consumption expenditure...
More »Tackling the agrarian crisis, differently -V Kumaraswamy
-The Hindu Business Line The focus must shift away from sops, to raising farmers’ income by promoting better seeds and rejuvenating soil health Agrarian crisis is staring on our face and, as usual, a flood of familiar suggestions have resurfaced. The political responses have been on expected lines. Fixing MSPs (minimum support prices) at 50 per cent over costs is as disastrous as it can get. There is no inherent incentive in cutting...
More »RBI warned of demonetisation impact on Indian economy, no effect on black money
-PTI RBI had met just two-and-a-half hours before PM Narendra Modi announced demonetisation on 8 November 2016 The Government has always maintained that demonetisation did not have much impact on India's GDP growth New Delhi: The board of the Reserve Bank of India (RBI), which included the present governor Shaktikanta Das as a director, had warned of short-term negative impact of demonetisation on Indian economy and observed that the unprecedented move will not...
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