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Economy

Inflation low in last 5 fiscals: Economic Survey

Food inflation based on Consumer Food Price Index (CFPI) declined to a low of 0.1% during the financial year 2018-19, the survey said

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India

Farmers’ income would be doubled before 2022: Shah

New Delhi: Prime Minister Narendra Modi’s aim to double farmers’ income by 2022 would be achieved before the targeted year, BJP president Amit Shah asserted today, dismissing the Opposition’s claim that it was merely a political statement. Speaking at a conference on ‘Role of Insurance in Reforming Agrarian Economy’ here this morning, he said, “The kind […]

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India

Govt to soon announce new mechanism to ensure MSP for farmers

New Delhi: The government will soon announce a new mechanism to ensure that farmers get the minimum support price (MSP) if market prices fall below the benchmark rate, Minister of State for Agriculture Gajendra Singh Shekhawat said on Friday. The minister said the government has increased the MSP of Kharif (summer-sown) crops substantially and farmers […]

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Editorial Views

MSP Hike Likely To Impact Inflation, Fiscal Arithmetic

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. MSP is price fixed by Government of India to protect the producer – farmers – against excessive fall in price during bumper production years. The major objectives are to […]

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India

Farmers’ agitation hits several states

Chandigarh/Mandsaur: Protesting farmers dumped vegetables, milk and other farm produce on roads and blocked supplies to cities in several states as they launched a 10-day agitation to press their demands, including loan waiver and right price for crops. Farmer organisations also called for the boycott of mandis or wholesale markets in Punjab, Haryana, Rajasthan, Uttar Pradesh, […]

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Economy

RBI may not cut rates in 2018 despite dip in inflation

Mumbai: Despite a dip in retail inflation in February, the Reserve Bank of India is unlikely to reduce key policy rates in 2018, analysts at brokerages said today. Risks like the higher minimum support prices (MSPs) for food grains promised in the budget, according to them, can push up the inflation in the next fiscal […]

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Editorial Views

Farmers Pampered, Ignored, Misled In Turns

Egged on by the CPM’s All India Kisan Sabha and other unions, large processions of farmers that have converged at the Azad Maidan of Mumbai threaten to throw India’s financial capital out of gear. Their demands make a laundry list of socialist doles, where an unconditional waiver of loans and allowing non-payment of electricity bills […]

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Economy

Budget strikes balance between fiscal prudence, growth: Moody’s

New Delhi: The Budget for 2018-19 strikes a balance between fiscal prudence and growth, and a “slight” slippage in fiscal deficit has no material impact on overall economic strength. The government has revised its 2018-19 fiscal deficit projections to 3.3% of GDP and for the current fiscal to 3.5% of GDP, against original targets of 3% […]

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India

Don’t use foreign cos for health scheme, says SJM

New Delhi: The RSS-affiliated Swadeshi Jagran Manch has cautioned the government against engaging foreign insurance companies for providing health coverage to the poor under a flagship programme announced in the Union budget. SJM co-convenor Ashwani Mahajan said it was heartening to note that the government had announced a health protection scheme, which will reach out to […]

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India

Budget contains many tinges of populism, says US economist

Washington: Fiscal discipline has taken a backseat in the latest annual Indian budget which contains many tinges of populism, noted Indian economist Eswar Prasad said today. Prasad, a professor of trade policy at the prestigious Cornell University, said there were no major measures in the budget that could stimulate private investment. “Fiscal discipline has taken a […]