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Farm Laws: Fate of Farmers in Bihar Points To What Those Across India Might Soon Face

Farm Laws: Fate of Farmers in Bihar Points To What Those Across India Might Soon Face
High volatility in crop prices, coupled with the absence of APMCs, means that farmers usually have to sell their produce well below the MSP.
Rajiv Kumar Ojha. Photo: Parth M.N./People s Archive of Rural India
Rights26/Feb/2021
Muzaffarpur: Rajiv Kumar Ojha does not know which is more stressful: harvesting a decent crop or trying to sell it. âYou might find it funny, but my troubles begin after I get a good harvest at the end of the cropping season,â he said, sitting in the verandah of his dilapidated house in Chaumukh, a village in north-central Bihar. ....

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Growth momentum needs to be strengthened: RBI Governor Shaktikanta Das

Growth momentum needs to be strengthened: RBI Governor Shaktikanta Das
RBI Governorâs Shaktikanta Das: Depositorsâ money topmost priority, even as one-time rollover for businesses is considered
PTI
The growth momentum needs to be strengthened for a sustained revival of the economy and quick return to the pre-COVID trajectory, opined RBI Governor Shaktikanta Das while pitching for a status quo on rates at the last meeting of the Monetary Policy Committee (MPC).
All the six members of the MPC had voted for keeping the policy repo rate unchanged at 4 per cent at the three-day meeting which began on February 3, citing similar reasons. ....

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Growth momentum needs to be strengthened: Shaktikanta Das

Growth momentum needs to be strengthened: Shaktikanta Das
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Growth momentum needs to be strengthened: Shaktikanta Das
PTI / Feb 23, 2021, 14:25 IST
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RBI governor Shaktikanta Das (File photo)
MUMBAI: The growth momentum needs to be strengthened for a sustained revival of the economy and quick return to the pre-Covid trajectory, opined RBI governor Shaktikanta Das while pitching for a status quo on rates at the last meeting of the Monetary Policy Committee (MPC).
All the six members of the MPC had voted for keeping the policy repo rate unchanged at 4 per cent at the three-day meeting which began on February 3, citing similar reasons. ....

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'Accommodative monetary policy stance needed to strengthen economic recovery

‘Accommodative monetary policy stance needed to strengthen economic recovery
February 22, 2021
All six members of the monetary policy committee (MPC) were on the same page with regard to strengthening the ongoing economic recovery even as a majority of them flagged the persistence in core inflation, according to the minutes of the MPC.
At its meeting held on February 5, the MPC decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4 per cent.
It also decided to continue with the accommodative stance as long as necessary – at least during the current financial year and into the next financial year. The Reserve Bank of India (RBI) released the minutes of MPC meeting on Monday. ....

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A bet on reforms-driven growth despite India's fiscal compression

A bet on reforms-driven growth despite India’s fiscal compression
India’s finance minister also announced a set of financial sector reforms, be it in insurance, banking or development finance. Success would depend on how well these are carried out.
(Photo: iStock)Premium
Sudipto Mundle
The budget has announced some laudable reform initiatives but their success will depend on how well they get implemented
The budget has surprisingly opted for fiscal compression at a time when our economy needed higher spending. Thankfully, capital expenditure has risen, which can offer multiplier gains.
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A game-changing 2021-22 budget was required to reboot the economy and revive growth, apart from one with greater transparency, especially with regard to extra-budgetary resources. Three key requirements included: (i) high expenditure growth to pump-prime demand, (ii) a shift in expenditure allocation in favour of income support and publi ....

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