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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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Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran

ut what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices) is the growth in “nominal” terms (at current prices unadjusted for Inflation). Advertising The latter number, at 2.04 per cent, is the lowest for any quarter as per the Central Statistics Office’s new 2011-12 base year series and also the worst since the minus 1.1 per cent rate recorded way back in October-Dece

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Food prices may be subdued, but only for a while -Surabhi

n whether food prices have now moved to being structurally low, analysts believe that this is only a transient phenomenon and food prices, on a sequential basis, have already begun to rise. Retail Inflation may be at an 18-month low but prices, especially of food items, are likely to see a pick-up over the next few months with average Inflation expected to be at about four per cent in 2019-20. Despite

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No shortcuts to income guarantee -Harsh Mander

nd to be taken by women. So food transfers are far more likely to end up as food in the stomach of a child, than cash transfers, decisions about which tend to be taken by men. Cash transfers also are Inflationary in ways that food transfers are not. It is not that India cannot afford an income-support programme. Just that the pathway to this cannot be by cutting back on meagre existing subsidies to the poor. Subsidies to the middle-classes are thri

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The employment test -Pulapre Balakrishnan

eater part of this government’s tenure, has claimed that it has coincided with a degree of macroeconomic stability that has not been surpassed. Perhaps he had in mind the combination of falling Inflation and declining Budget deficits since 2014. However, while this has indeed transpired, it is important to note that these trends had commenced even before. Moreover, after repeatedly expressing a commitment to fiscal consolidation, the government

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