-Livemint.com Inflation for services and a few discretionary items has been higher in rural areas compared to urban centres When income is stagnant, a logical outcome could be curtailing expenditure. But rural India seems to be fine with paying higher prices for services that range from education to matinee shows. The chart above shows inflation for services and a few discretionary items has been higher in rural areas compared to urban centres. It...

-Livemint.com Panel on doubling farm incomes proposes shifting from supply-led to demand-led production system New Delhi: The government should undertake a radical overhaul of the agriculture ecosystem by moving from a supply-push production system to a demand-led one, according to a committee set up by the centre to recommend strategies to double farmer incomes by 2022. The agriculture ministry should also set up an “empowered committee” to operationalize and monitor progress of doubling...

-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...

-The Hindu A structural break can be observed in the GDP back series before and after the year 2011-12 India’s national income statistics are under a cloud. The Central Statistics Office (CSO) has released official revisions of the GDP estimates for the years 2004-05 to 2013-14 in the Manmohan Singh-led government’s tenure. The revisions make the Narendra Modi government’s performance on the economic front appear better than that of its predecessor. In 2015,...

-The Hindu Efforts to make agriculture climate-resilient must be scaled up and consolidated The pervasiveness of climatic aberrations and the associated socio-economic vulnerability are now widely recognised and experienced across the globe. The Sixth Assessment Report by the Intergovernmental Panel on Climate Change (IPCC) on “Global Warming at 1.5°C” distinctly propagates the need to strengthen and enhance existing coping capacity and to remain committed to the objectives of the Paris Agreement. The report...