There was a delay in sowing of kharif onion because of late arrival of monsoon and later floods in many states damaged the crop.
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
'The BJP's all-India plans can be expected to become clearer around 2022-2023, particularly if -- as some anticipate -- the senior Congress leadership cracks, broadly as between the Nehru-Gandhi loyalists and those who may be termed 'pro-changers',' observes Arun Bhatnagar, a retired IAS officer.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Trump will pay a state visit to India on February 24 and 25 at the invitation of Prime Minister Narendra Modi, who on Wednesday said the US President's visit will be a 'very special one' and it will go a long way in further cementing India-USA friendship.
Much of the rise in prices has been in food items
With a sole mandate of inflation targeting, RBI wears many hats.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Vegetables and fruits have weights of 1.74 per cent and 2.11 per cent, respectively, in the wholesale price index.
Single window clearances for realty must.
Onions prices are still ruling at an unaffordable level, though rates have started softening both in the wholesale and retail markets across the country following government measures like allowing cooperative Nafed to import onions.
'The idea behind the new rules is that slaughter markets must buy directly from the farms as is the case in the bloody world.' 'The cattle markets have become centres for the organised beef mafia.'
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Shah wants to focus this time on a mentoring role and help youngsters with innovative ideas live their entrepreneurship dreams by providing them a platform for "institutionalisation, globalisation and scaling up" of their ventures.
Farmer interest groups predict that unless the government corrects its agricultural pricing and procurement policy, it will face a political blowback.
Panagariya has advocated a more liberalised spending, arguing that greater capital expenditure could relax some of the infrastructure bottlenecks facing the country.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
'India is in a slowdown which most of us have not seen in our living memory.'
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
Foreign Trade Policy: More incentives for exports, focus on ease of trading
China granted bio-safety certificates in 2009 to two pest-resistant GM rice varieties and one type of corn, the first country to allow field trials of GM staple foods.
Large stocks were ruined in transit due to thunderstorm and rainfalls in the north and the north-east states, resulting in fewer kilos of potatoes at mandis.
India has emerged as one of largest destinations in the world for investors keen to put their money into firms doing good. Nita Bhalla reports.
It is regrettable that the IB has tried to devalue the expertise available both within the concerned ministry and in the scientific community by its allegations. Governments and NGOs in many western nations have not been accused of being 'anti-national' when they put their foot down on questionable practices by cash rich agri-business companies, says Rashme Sehgal.
The fall in global prices resulted in a drastic decline in the Food Price Index compiled by the United Nations' Food and Agricultural Organization. Based on the prices of a basket of internationally traded food commodities, the FAO Food Price Index averaged at 203.9 points in July, down 4.4 per cent (2.1 percentage point) from a revised value in June. This level was seen earlier in January, at 203.2 points.
'We have unleashed a nastiness and viciousness in ourselves that had been bottled up before.' 'This government has helped uncork it, possible forever, and to my mind that is its most significant achievement.'
The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
In the imports bracket, India was the United States' 11th largest supplier of goods in 2017
India granted the MFN status to Pakistan in 1996
Global Food Price Index showed a sharp jump in June.
According to the official data, arrival of onion in wholesale mandi has increased almost three times to 30,000 tonnes in Bengaluru and 10,000 tonnes in Hyderabad, respectively, in the last one month.
'The BJP has shown signs lately of returning to its trader mindset.' 'Several strong emotions get meshed in this: Nationalism, protectionism, mercantilism, and arrogance,' points out Shekhar Gupta.
'Where will industry have funds when they open up?'
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
'This government will end after five years, but farmers will not end after five years.' 'This is the source of our confidence.'
'If the money we spend on importing pulses reach our farmers, there won't be any suicides'
India exports about 1.5 mt of onion every year.
The RBI is considering permitting FII and commercial banks to trade on Indian commodity exchanges.
