Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.
Releasing the manifesto titled 'Badlav Ka Sankalp' (commitment to change) in the presence of All India Congress Committee (AICC) general secretary Randeep Singh Surjewala and other Mahagathbandhan leaders, Tejashwi Yadav said their government, if elected, would first approve the process for appointments on about 10 lakh jobs in the government.
The National Agricultural Cooperative Marketing Federation of India Ltd has decided to actively trade in imported edible oils after failing to procure sufficient quantity of mustard seeds from the domestic market due to high price.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
People in the know said plans were afoot to begin the sale of all food grains through online, with a major quantity through auctions that would be later extended to other commodities.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
In terms of value, this translates into more than Rs 300 crore (Rs 3 billion) of delivered quantity.
A report by international agency Oxfam on Monday flayed rich countries for using World Trade Organisation
India believes rich nations should be away from farm subsidies.
The Left leader said the NCERT, which was set up on the basis of the 2005 National Curriculum Framework, has been demolishing the very goals of the NCF through the removal of such passages from textbooks.
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
In a breakthrough that could end the political uncertainty in Pakistan, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.
Data shows that the current system of decentralised marketing and centralised procurement helps Punjab and Haryana farmers the most, while its efficacy in other states has been poor. Experts and farm leaders say success of the laws rests heavily on implementation.
The MEP has been raised from $225 a tonne in May to $495 a tonne in October. Despite this, domestic onion prices have risen sharply. They are currently available at Rs 24 -28 per kg at the retail level, compared with Rs 8-10 a kg in May.
But the measures, particularly in agriculture, may not be enough to revive the sector and double the farm income, says S Mahendra Dev.
India has agreed to allow import of pork and pork products from the US as a part of a bilateral trade deal which will facilitate export of Indian mangoes and pomegranate to the US. The development comes months after the two governments renewed the India US Trade Policy Forum (TPF), after which both nations agreed to iron out thorny issues that included market access issues pertaining to the agriculture sector.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
The minister said this underlying resentment and pain of those countries regarding the global economy was building up for the last 15-20 years and the COVID-19 pandemic and the Ukraine conflict resulted in prices of energy and food items going up.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
As per the NCERT, the decision has been taken to reduce the content load on students in view of the COVID-19 pandemic.
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
If India wants to become a globally competitive manufacturing hub, it will have to rethink the notion that the traditional SMEs will form the manufacturing backbone, argues Prosenjit Datta.
The government has swung into action to curb onion exports and check the rise in prices in the domestic market by effecting an 8 per cent hike in its minimum export price.
5G ambulances will not just allow remote consultation, but would also be able to transit data and video to hospitals in real time, saving precious time for critical patients. 5G technology would also support the development of new educational applications, improve agriculture productivity, and aid search and rescue missions with high resolution cameras in disaster recovery zones.
In a bid to boost onion exports and ensure remunerative prices to farmers, the Union Cabinet on Tuesday night decided to remove quantitative restrictions on its export.
Prime Minister Narendra Modi on Tuesday launched 35 crop varieties with special traits -- developed by the Indian Council of Agricultural Research (ICAR) -- to address the twin challenges of climate change and malnutrition. The new crop varieties were dedicated to the nation through a video conference organised at all ICAR institutes, state and central agricultural universities and Krishi Vighyan Kendra. According to the PMO, 35 crop varieties with special traits like climate resilience and higher nutrient-content have been developed in 2021.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
Panagariya also stressed that India must continue the liberalisation of its top tariff rates and the country should not revert back to import substitution.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Currently, the Department of Agriculture runs two crop insurance schemes, one of which is weather-based.
In 2018, Mr Chouhan became chief minister for the fourth time with some support from Mr Scindia. This time, nothing can be said with any certainty.
'Crony capitalism will gain due to these Acts.'
With grain procurement target significantly higher, FCI is faced with storage space shortage.
Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of 'annadaata' is a priority for the government
Strengthening of rupee has made Indian rice dearer in the international market
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
