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India's quarterly GDP contraction to end in December quarter: NCAER

India s quarterly GDP contraction to end in December quarter: NCAER
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The think tank pared its forecast of gross domestic product (GDP) growth during the ongoing fiscal to -7.3% compared to -12.6% in September to account for the “welcome surprise” of a sharp moderation in contraction in the second quarter at -7.5%, according to its mid-year review of the economy, presented virtually on Monday.
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However, a flattening in the pace of growth of several economic indicators in the December quarter have called into question the sustainability of the recovery, according to the NCAER.
The quarterly contraction in India’s growth in the ongoing fiscal is set to end in the third quarter with a marginally positive 0.1% growth, according to the National Council for Applied Economic Research (NCAER). ....

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It's time to revisit repealed APMC and the lost cause of fair crop procurement in Bihar

It s time to revisit repealed APMC and the lost cause of fair crop procurement in Bihar
In Bihar as well as in the country, the need of the hour is to revisit the old decisions and make course corrections
Atul K Thakur
December 11, 2020 12:58:18 IST
File image of the farmers protest in New Delhi. AP
Without offering an effective alternative plan, the Nitish Kumar-led government in Bihar repealed the state s Agricultural Produce Market Committee (APMC) in 2006. The stated aim to allow crops to be freely traded in the open market proved disastrous as the Minimum Support Price (MSP) to the farmers remained elusive after a brief respite provided by the Primary Agriculture Credit Society (PACS) and no alternative mechanism that could have mitigated the void created by a sudden and surprising decision. ....

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Farmers' Protests | Impasse Over Agri Reforms In The Eyes Of Five Economists And Experts

Farmers protests | Impasse over agri reforms in the eyes of five economists and experts
None of the proposals of the three farm legislations are new, yet there is a full-fledged agitation that threatens to overwhelm the national capital.
December 10, 2020 / 04:29 PM IST
Thousands of farmers from Punjab and Haryana are protesting at Delhi borders against the recently enacted farm laws
It is no small paradox that the farmers’ agitation has made headlines in a year when government agencies have procured a record 202.77 lakh tonnes (lt) of paddy from Punjab this time, as against 162.33 lt in 2019-20 and the previous all-time-high of 176.61 lt in 2017-18. ....

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