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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 »

Asim Dasgupta, former Finance Minister of West Bengal, interviewed by AM Jigeesh

the first formulation of GST laws in 2009. He spoke to BusinessLine on the new indirect tax regime, and differed with his party on issues such as infringement of the right of States, and possible Inflation. Excerpts: * Are you happy about the GST laws? When we [State Finance Ministers] had worked out the GST framework way back in 2009 with the help of (economist) Parthasarathi Shome, I happened to be the Chairman of the Empowered Group of St

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Middle Earth Moguls -Pragya Singh

o include the middle. Or personify it. We’re talking of the Middleman, the one with a 900 per cent mark-up. That’s a bit simplistic, but see it like this. We could be in a raging hyper-Inflation, with a kilo of onions going for Rs 150, and consumers getting teary-eyed enough to vote out governments. Or we could be in a crisis such as we see now, where farmers across half of India are so desperate that many consider death by pesticide (a

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Is WPI useful in India anymore? -Barendra Kumar Bhoi

easured the weekly rhythm of price movement in the country. Since 2009, WPI has been computed on a monthly basis, similar to other price indices. The Reserve Bank of India (RBI) primarily used WPI Inflation for the formulation of monetary policy under monetary targeting framework as well as under multiple indicator approach (MIA)— although Inflation measured by other indices was also monitored/ ana

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Delayed impact

ich retained real gross value added, or GVA, growth at 7 per cent for FY17), agricultural output (which showed a sharp increase), quick estimates of the IIP (which showed a turnaround in January) and Inflation indices flagged no untoward trends. However, recent data suggest that the celebration may have come a tad too early. Data releases since late May have been suggesting that demonetisation may have had insidious second-order impacts which are yet

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GST Is Proving to Be a Procedural Nightmare for Small Service Providers and Traders -MK Venu

ractitioners alike. Foreign and domestic investors are already suggesting that the design of the GST, such as it is, will produce sub par outcomes in terms of driving higher growth or achieving lower Inflation. However, in the short to medium term, it is the sheer complexity of procedures which might make the GST a huge nightmare for millions of small service providers and traders who are already out on the streets protesting in different parts of

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