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

he Swaminathan Commission Report that you submitted to the UPA government in 2006. Yes. All kinds of excuses have been given by governments for not implementing this recommendation like food price Inflation. But the question is, do the farmers of this country, who constitute nearly half of the working population, also not need to eat? The government is willing to pay Seventh Pay Commission salaries to insulate government servants from More »

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

chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, Inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent in 2017-18. Today, the second volume of the survey said there was a downside risk to that forecast s

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How will farm loan waivers impact the Indian economy? -Tadit Kundu

e (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke Inflation. How much of an impact will the waivers have on the Indian economy? A Mint analysis suggests that the cumulative impact of farm loan waivers is likely to be lower than that of the power-restructuring package, Ujwal Discom Assurance Yojana

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The difficult economics of the Indian farmer

some crops. The prospects of a good monsoon pushed up rural wages. The reality of rock bottom prices then destroyed profit margins. Also, economists at HSBC showed in a recent report that the fall in Inflation has increased the real debt burden of farmers, which has risen faster than real income in recent years. The opportunities for risk mitigation are minimal. Successive governments have taken steps to reduce the risk faced by farmers. The entire

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Are farmer movements in India changing course? -Sayantan Bera

estions how metropolitan bank branches advance agriculture credit even as tenant farmers borrow from moneylenders at exorbitant rates. They also ask why farmers should bear the burden of keeping food Inflation in check. “There is this new class of young farmers who can no longer be hoodwinked,” said Avik Saha, convener of the Jai Kisan Andolan, a farmer movement, on the sidelines of a protest in Delhi’s Jantar Mantar in July. &ldq

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Farm crisis: Landless may be better off, but landed are worse off; here is what you should know of rural distress puzzle -Pranjul Bhandari

plemented from July 1), wholesale traders of food items have been rapidly running down their food stocks. Measured MSP increases: Excessive MSP increases distort food production and lead to higher Inflation (see: India RBI Watch: Every drop counts, June 2, 2016). Thankfully, MSP increases have been kept measured over the last few years. Structural changes: The current government has undertaken several reforms such as more nimble selling/buying a

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Retail Inflation dips to record low in June, IIP slows in May

-The Times of India NEW DELHI: Retail Inflation dipped to a record low in June on the back of sliding food prices, while industrial output growth slowed in May as manufacturing remained sluggish, mounting pressure on the RBI to cut interest rates when it reviews monetary policy on August 2. Data released by the Central Statistics Office (CSO) on Wednesday showed retail Inflation, as measured by the

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Declining bank credit indicates poor economic performance

from 10.8 percent to 5.7 percent between 2015-16 and 2016-17. It is also estimated that in India the growth in real GVA at basic price (i.e. increase in GVA after neutralizing the effect of price Inflation) will slow down from 7.9 percent to 6.6 percent between 2015-16 and 2016-17. Table 1: Growth in GVA at basic price (at 2011-12 prices) during various quarters of 2015-16 & 2016-17 (percentage change over previous year) Source: Pres

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Is direct benefit transfer really a panacea for the rural poor? -Sanjiv Phansalkar

d the results will be there for all to see as the Kharif season program rolls out. When the subsidies were given to the producers of fertilizers on the cost plus formula, the reported problem was the Inflation of cost of production. But in the market, the urea bag was available for the same price to every farmer. Now almost 60% farmers are those individuals who do not have their land in their name, though it may be in their operational control. Thi

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Why risks to Inflation in India are on the rise -Roshan Kishore There is a growing risk that Inflation may spike in the coming months The sharp drop in prices of farm products over the past few months has not just upset farmers across the country, but also seems to have complicated the task of India’s monetary authorities. The minutes of the last meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) show that the committee is divided on the issue of More »

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