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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What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Wheat MSP hiked by Rs 110/quintal
-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...
More »Do not ignore the role of the woman livestock farmer -Madhura Swaminathan and Vijayamba R.
-The Hindu Further, women need to be included in all facets of livestock development — breeding, veterinary care, extension services, training or access to credit and markets The livestock sector is one of the most rapidly growing components of the rural economy of India, accounting for 5% of national income and 28% of agricultural GDP in 2018-19. In the last six years, the livestock sector grew at 7.9% (at constant prices) while...
More »Why Punjab farmers who bet big on moong this summer reaped a harvest of discontent -Nikhil Rampal
-ThePrint.in MSP for moong became ceiling price as private traders were unwilling to offer more, claim growers. Another factor was low procurement of produce at MSP by Punjab government. Jagraon/Ludhiana: Encouraged by the Aam Aadmi Party (AAP) government’s promise to procure pulses at Minimum Support Price (MSP), the area under moong cultivation in Punjab nearly doubled this summer as farmers eyed extra income. The commitment, which coincided with an early harvest of wheat...
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