KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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107-fold spike in fake Rs 2,000 notes since 2016
-The Tribune Little impact of demonetisation Six years after demonetisation, the black currency market continues to thrive. There has been a whopping 107 times increase in the number of fake currency notes of Rs 2,000 denomination between 2016 and 2020. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary today said 2,272 fake currency notes of Rs 2,000 denomination were seized in 2016, 74,898 in 2017, 54,776...
More »A new Market Intelligence and price information for farm produce on anvil -TV Jayan
-The Hindu Business Line Farmers who would be selling their produce at farmgate under the recently-enacted Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Act 2020 will have real-time access to prevailing commodity prices through a Market Intelligence and price information system, which will be up and running soon, according to top Agriculture Ministry sources. One of the major contentions of a section of farmers protesting against the new farm legislations was...
More »Why farm reform will fail without tech -Harshit Kohli
-Livemint.com * Market participation is meaningless without information. Should every Indian farmer get a smartphone? * Without internet connectivity and Market Intelligence, the transaction cost associated with selling in places outside the local market are higher than the value of the produce FATEHPUR: Kamlakant is a smallholder farmer in Daulatiyapur village of Fatehpur district in Uttar Pradesh. He is an enthusiastic vegetable cultivator and every season, he searches for answers to three basic...
More »Why food inflation may turn sticky -Sayantan Bera
-Livemint.com * Despite the slowdown in rural demand, the spike in food prices is not showing any signs of cooling. Here’s why * This is the best time for the budget to address the volatility in food prices. Reliable Market Intelligence on crop production and timely advisories to farmers can help stabilize prices New Delhi: For more than five years now, the Indian countryside has only heard stories of anguish. Consecutive years of...
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