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The awkward myth of a revival in the country’s rural economy -Himanshu

-Livemint.com Low incomes and poor farm-gate prices capture the reality of relentless distress in our hinterland National accounts data released last month estimated that the economy has contracted by 7.5% in the second quarter of 2020-21 compared to last year. For many, this was a sign of recovery, given expectations that India’s gross domestic product (GDP) would contract by around 10%. It is, no doubt, an improvement from the 23.9% GDP decline...

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What India’s farm reforms aim to change, in three charts -Arjun Srinivas and howindialives.com

-Livemint.com Wide disparities in agri-marketing regulations have resulted in fragmented markets across states. The new farm bills aim to change this but the jury is still out on whether it will have the intended impact. On 26 September, government procurement of food crops commenced across the country, five days in advance, following the enactment of three contentious farm bills. Under the new policy regime, farmers need not sell their produce through designated...

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Wholesale inflation rises to 2.59 pc in December on costlier veggies

-PTI Wholesale prices based inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. Wholesale prices based inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. The annual...

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On top of slowdown, prices are now zooming up -Subodh Varma

-Newsclick.in The Modi government seems to have lost all control over the economy – or perhaps, was never in control. The Narendra Modi-led Bharatiya Janata Party government has been proclaiming ad nauseum that it has kept prices of essential items under control throughout its rule since 2014. That the prices of some commodities, especially food items, did not rise constantly is a fact, although for many other commodities, like fuel, prices did...

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Budget 2019: A pro-farmer slant but just a field of dreams -Sayantan Bera

-Livemint.com * FM vows to invest widely in agriculture infrastructure, but offers little to revive rural income and demand * In terms of new schemes, the budget announced Pradhan Mantri Matsya Sampada Yojana for the fisheries sector and another to boost traditional industries In March 2018, Rakesh Sangwan, 27, a farmer in Haryana’s Charkhi Dadri, stopped watering his tomato plants. The crop slowly withered away and, subsequently, it was mowed down by a...

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