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Government in talks with key stakeholders on plan to double farm incomes by 2022 -Sayantan Bera

mong stakeholders, the Centre’s goal is to double farmers’ income between 2016-17 and 2022. The government will seek to double real and not nominal incomes by taking into account expected Inflation with 2016-17 as the base year, it said. Further, the goal is to raise incomes from both agricultural and non-farm sources. According to the note, a copy of which was reviewed by Mint, the strategy is to focus on “achieving higher growth

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Macroeconomic Impact of Demonetisation: A Preliminary Assessment -RBI

ast pace of remonetisation. The latest CSO estimates suggest that the impact of demonetisation on GVA growth was modest. Currency squeeze due to demonetisation along with seasonal factors pushed food Inflation significantly down but has not had much impact on Inflation excluding food and fuel. A surge in deposits led to a sharp expansion in the consolidated balance sheet of scheduled commercial banks and cr

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MGNREGA lesson for universal basic income: Once introduced, there's no going back -Aurodeep Nandi

statistic; even while investments are sinking and manufacturing is coughing. The combination of increased consumption and aggregate demand without development of adequate capital assets is recipe for Inflationary pressures in India. MGNREGA wages are also linked to consumption prices—they get revised in tandem with consumer price Inflation. It is welcome from the perspective of the recipients becau

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Pricier food, fuel push WPI Inflation to 39-month high -Surabhi

-The Hindu Retail Inflation too inches up in February New Delhi: Retail and farm gate prices surged in February as food articles and fuel products became more expensive. Data released on Tuesday revealed that consumer price index (CPI) based Inflation rose to a four-month high of 3.65 per cent in February this year as against 3.17 per cent in January. It was, however, much higher at 5.26 per cent

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From Plate to Plough: A finger on the pulses -Ashok Gulati

and means to augment pulses supplies in general and tur in particular. A long-term agreement was signed with Mozambique for the import of pulses. In fire-fighting mode to douse the flames of high Inflation, the Government of India set up a committee under the chief economic advisor to solve this problem of pulses. It was important to have a fresh look at the pulses sector as over the last 25 years, policy had failed miserably to achieve self-suffi

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India's February WPI Inflation firms up to 6.55% -Raj Kumar Ray

-Hindustan Times India’s wholesale price index-based Inflation flared up to two-and-a-half years high of 6.55% in February from 5.25% in January mainly due to a spurt in mineral and fuel prices while food prices started rising following rapid remonetisation. The spurt in WPI Inflation adds to the worries of a pent up demand after demonetisation which may prompt Reserve Bank of India to keep po

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Save the pulse farmer, here's how -Ashok Gulati

olicy level to find ways and means to augment pulses’ supplies in general and tur in particular. Long-term agreement was signed with Mozambique for import of pulses. Fire-fighting high pulse Inflation, the Union government set up a committee under the chief economic advisor (CEA) to solve this problem forever. It was important to have a fresh look at problems of the sector, as over the last 25 years, the Union government policy to achieve sel

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Agriculture: Here's why farmers are in trouble despite high pulse procurement

, it is not surprising prices have crashed. In the case of tur, for instance, retail prices are down from R118 per kg in Delhi on October 1, 2016 to R89 on March 1. As a result of the surge in pulses Inflation last year, rabi sowing increased by more than 11%. While it is not clear what will happen next year, if it goes the boom-bust way of many other crops, production will slow and prices will rise again. It was to try and stop this cycle, and to inc

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What you can do with Re 1 in India -Basant Kumar Mohanty

job scheme wage had been the same as a state's minimum wage before the Centre decided to tie the former to the state's Consumer Price Index for Agricultural Labourers (CPIAL), a measure of the retail Inflation faced by farm workers. The Centre argues that adopting a state's minimum wage for the scheme would selectively benefit the scheme's workers in states that raise their minimum wages more often and more sharply than others. A senior governme

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Farmers are using futures contracts to counter price risks -Sayantan Bera

and our farmers are selling at lower than government support prices,” he added. Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke Inflation, but experts suggest a rethink. “We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,” said Pravesh Sharma, former head of the Small Farmers’ Agribusiness Consortium, a speci

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