-Livemint.com Tackle deficiencies of capital mobilization, access to state provisions and women’s participation to boost FPCs across India. In 2017, the Indian government reaffirmed its commitment to reduce rural distress among nearly 93 million farming households through efforts to double farmers’ income. What has been remarkable is the emergence of farmer producer companies (FPCs) as a viable way of supporting this approach. The last two years have been tumultuous. Pro-market legislation introduced in...
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With growth led by ‘news broadcasting and digital operations’, Network18 reports 58% spike in net profit
-Newslaundry.com According to Moneycontrol, digital news reported the most growth in terms of operating revenue. Network18 Media & Investments Ltd reported a consolidated net profit of Rs 61.6 crore for the quarter ending March – a rise of 58.1 percent from last year, Moneycontrol reported on Tuesday. According to the report, the media company also saw a “14.6 percent on-year rise in consolidated revenue from operations to Rs 1,621.1 crore”. The surge was...
More »GDP growth is being driven by larger firms. Smaller ones continue to suffer, need policy attention -Saugata Bhattacharya
-The Indian Express Policy coordination between the Centre and states will be crucial for implementing this ambitious reform agenda. The National Statistical Office will release the second advance GDP estimates for 2020-21 at the end of February. The first advance estimate had, in early January, forecasted a contraction of 7.7 per cent in 2020-21. This was due largely to an expected, sharp contraction in both industry and services. The second advance estimates...
More »The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha
-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate...
More »Farm fires set to pollute NCR again
-The Times of India In the next few days, India’s northern region, especially Delhi, is again likely to become among the most polluted places on earth because a vast number of farmers in Punjab and Haryana have decided to continue their annual ritual of setting fire to paddy straw. This has brought back the spectre of smog choking the region despite the Centre doling out more than Rs 1,000 crore to the...
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