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Economy Plunging Headlong Into Recession -Prabhat Patnaik

arter of 2015-16. Besides, even this growth rate was artificially boosted by two factors: one was the unusually good agricultural performance because of favourable weather (real GVA growth rate in Agriculture was 4.9 percent in 2016-17 compared to a mere 0.7 percent in 2015-16), and the other was the growth in Public Administration and Defence because of the 7th Pay Commission award. (This sector’s real GVA growth rate for 2016-17 was 11.3 pe

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A fresh perspective on farm suicides -A Srinivas

based on a study of 22 suicide cases in Ananthapur district (accompanied by a fascinating ethnographic study of a village which he uses as his control group) argues that while the economic crisis in Agriculture is a significant factor, the role of other socio-cultural forces should not be discounted. The book does not underplay the agrarian economic crisis. By according due importance to the economic, social, and cultural, and by projecting the crisi

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MS Swaminathan, father of India's Green Revolution, interviewed by Vidya Venkat (The Hindu)

-The Hindu Fifty years since the Green Revolution, the architect of the reform highlights the crisis facing Indian Agriculture today It is 11 years since agronomist M.S. Swaminathan handed over his recommendations for improving the state of Agriculture in India to the former United Progressive Alliance government, at the height of the Vidarbha farmer suicides crisis, but they are still to be impleme

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Heckled By Jharkhand Minister, Activist Jean Dreze Cuts Short Speech -Aloke Tikku

-NDTV Jean Dreze didn't get to continue his speech anyway and walked back to his seat as Union Agriculture Minister Radha Mohan Singh took charge. Jharkhand: Development economist Jean Dreze was forced to cut short his speech at a programme in Jharkhand after the state's Agriculture minister Randhir Kumar Singh heckled him, reportedly because he was offended at his references to the Rashtriya Swayam

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Economy will decelerate if States resort to farm loan waivers

-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery. If all State Governments re

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Import talk halts onion price surge -Rahul Wadke and Vishwanath Kulkarni

-The Hindu Business Line Mumbai/ Bengaluru: As talk of onion imports gains ground, the price rally in the bulb in recent days seems to be ebbing. Wholesale prices of onions across major markets in Maharashtra, such as Lasalgaon, Pimpalgaon and Niphad, have witnessed a decline in the last two days. In Pimpalgaon, where arrivals stood at 2,500 tonnes on Friday, the modal prices dropped by a fifth to Rs. 2,000 per quintal from the high of Rs. 2,500 two days ago. Similarly, in Lasalgaon,

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Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy

the farm loan waiver, challenges in implementing the goods and services tax (GST), real exchange rate appreciation, increasing pressure on corporate balance sheets in power and telecommunications and Agriculture stress. The combination of these factors would impart a deflationary bias to activity, the survey said. "The deflationary impact this year could be as much as 0.35 per cent of GDP," it added. Finance minister Arun Jaitley had e

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Poor rate of Basmati reduces cultivating area to half -Anju Agnihotri Chaba

ting short duration paddy varieties now so that groundwater could be saved as the new PR-126 variety of paddy takes around 123 days against the previous rice varieties which took 155-160 days. Punjab Agriculture Department Director J S Bains said due to poor rates of the cash crop in the past, farmers now do not want to take any risk and go for assured crops like paddy instead. More area under paddy is a cause of concern for underground water but farm

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Plough or lease land, Karnataka tells farmers -ManuAiyappa Kanathanda

-The Times of India BENGALURU (Karnataka): If you own a piece of Agriculture land and haven't bothered to take up cultivation for the past two years or so, either get a plough in or just lease it out to farming contractors. The Karnataka government has begun identifying fallow lands and issuing notices to farmers and land owners asking them to either take up cultivation or give such lands on contract, in tune with a provision in the Karnataka

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Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan

the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock and horticultural along with assorted non-farm rural activities. Till around the late-eighties, agric

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