Minimum Support PriceIn India, the Commission for Agricultural Costs and Prices has recommended Minimum Support Prices (MSP) for 23 agricultural commodities. On the basis of that recommendation, the central government announces MSPs at the beginning of the sowing seasons.The MSP is a form of market ...
The worst for India’s banking industry may be over. It is expected that banks have already disclosed all their restructured assets. Therefore all the NPAs have been revealed. New slippages, but nothing significant, may occur. But that always happens in businesses. There may be financial problems i...
The Indian agricultural sector was adequately focused in the first Five Year Plan and its performance was impressive. But the second Five Year Plan emphasised industrial development under the stewardship of P C Mahalanobis. The plan emphasised establishment of heavy industries and decided to take fo...
The sudden resignation of Urjit Patel from the post of the Governor of the Reserve Bank of India (RBI) was surprising and almost a historic act. There have been a lot of recent controversies regarding the RBI’s independence in relation to the Union Government (UG). A lot of central banks like the ...
The ‘Butterfly Village’ near Ganguly Bagan, 4No. Bidyasagar Colony of South Koktata, is a brainchild of an old man of South Kolkata, Parimal Dey. Dey is a veteran politician and social worker. The specialty of the ‘Butterfly Village’ is that the houses of the locality are similarly painted i...
Last September the Donald Trump government imposed import tariffs by a huge amount, $200 billion, mainly on Chinese goods to curb Chinese imports into the United States. Trump reportedly announced, “If China takes retaliatory action against our farmers or other industries, we will immediately purs...
Efficacy of subsidy to farmers, rich or poor, has been a long and important matter of controversy among economists and policy makers not only in India but also in most countries of the world. In India many experts believe in lessening subsidy to agriculture and instead enhancement of investment in s...
The trade war, rising rupee exchange rate, rising current account deficit, and the like have been major topics of concern for Indian economy watchers. They have sparked contentious political debates. While these are important issues, the larger focus on employment generation should not get diluted.T...
In October, each year, the Global Hunger Index (GHI) is published. This year, India ranked 103rd out of 119 countries- down three positions from last year. Some of her South Asian neighbours fared better with Nepal ranked 72nd and Bangladesh 86th. India is now known for its high GDP growth at 7% and...
India reportedly has signed very recently an $5 billion deal to purchase the S-400 air defence system from Russia. A Russian news agency TASS has confirmed that the deal was signed. India is one of the biggest importers of defence items of the world. Huge imports involve outflow of foreign currency....
