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YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)

and its reliability will be sorted by the GoI in the next few months. But if the uncertainty continues, the 15th FC might have another problem on its hands. Q. India has witnessed relatively lower Inflation growth in the last few years. Do you see this adversely impacting revenue growth, which is based on nominal GDP growth? Lower food Inflation has also worsened agrarian distress, which has created more

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Rahul's minimum income plan is fatally flawed -SA Aiyar

will make the bottom 20% richer than the lower middle 20-40%, who will, rightly, howl that this is arbitrary and unfair. How will Rahul finance NYAY? Not by a big GST hike: that could be almost as Inflationary as printing notes. Besides, he has long said indirect taxes (especially on auto fuels) are too high. He could raise corporate tax rates. But that will ruin the existing policy of lowering the tax rate plus cess/surcharge (34.5% for large comp

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Corruption, unemployment and Inflation top concerns this election, shows survey -Hina Rohtaki

-The Indian Express The issue of corruption remained at the top, with 32.19 per cent favouring the agenda, followed by unemployment and Inflation respectively. A survey by the Institute for Development and Communication found that corruption was the most talked about issue during Lok Sabha polls in 2014. People were asked about the issues which they think should be addressed by their elected representative. The issue of corruption remaine

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Few details, Rs 3.6 lakh crore-question: Will it be a top-up or subsidy tweak? -Aanchal Magazine

t a target poverty level of 0.45 per cent, the income needed to take a person above Rs 893 per month — the poverty line in 2011-12 – works out to Rs 5,400 per year, which when adjusted to Inflation for 2016-17 yielded a UBI of Rs 7,620 per year. Assuming coverage with quasi-universality rate of 75 percent, the economy-wide cost of the UBI was estimated to be 4.9 per cent of GDP. Please click here to read more.

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Swaraj is the kisan's birthright and he should have it -Harish Damodaran

mers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great HyperInflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to the experience of the Great Depression of the 1930s. One can, likewise, view restrictions in agricultural commodities trade in India a

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Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators

roundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed a higher rate of Inflation in services (such as health and education) vis-à-vis the rate of Inflation in Consumer Food Price Index (CFPI). A similar picture emerges if we check the performance of Agri Gross Value Add

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Rural distress deepens: Wage growth dips, non-farm jobs hit -Harish Damodaran

-The Indian Express The last five years, in other words, have seen a slowdown in rural wages even after adjusting for Inflation, which has been far lower than during the UPA regime. Rural wages have grown 3.8 per cent year-on-year in December, the lowest ever for this month. Together with depressed farm prices — annual wholesale Inflation in December was minus 0.07 per cent for “food&rd

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A meaningful safety net for the poor -Kirit Parikh

value of the Rs 6,000 transfer to each class’s MPCE, we obtain the addition to its MPCE. However, the transfer in 2019 has to be converted to the equivalent transfer in 2011-12 by adjusting for Inflation in the state’s consumer price index. The modified MPCE can be compared with the poverty line in the state. We can then assess how many people will cross the poverty line with this transfer of Rs 6,000 per family per year. I illustrate t

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How bankruptcy code can help fix India's agrarian crisis -Aishwarya Satija

. In August 2017, RBI’s Monetary Policy Committee (MPC) noted that the implementation of farm loan waivers could hurt the finances of states, undermine the quality of public spending, and stoke Inflation. Apart from burdening the public exchequer, waivers have also been criticised for having limited benefits in practice. Please click here to read more.

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Unmet farm challenge

er cent. Advertising The above data is reflective of a phenomenon rarely seen in India: Agricultural produce deflation. That this isn’t a one-off thing is established by consumer food price Inflation, too, ruling below overall retail Inflation now for 29 consecutive months since September 2016. The implications are not just economic — low food prices, among other things, have allowed the RBI

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