Business/Economy
Insure farmers against climate change - Feroze Varun Gandhi, Hindu
Bundelkhand is where India’s marginal farming dream died. Known for the dacoits of Chambal and the Rani of Jhansi, the arid region, occupying districts of Uttar Pradesh and Madhya Pradesh, has experienced drastic variation in climate in recent times. It faced a drought from 2003 to 2010, then floods in 2011, delayed monsoons in 2012 and 2013, and drought again since 2014.
India's GDP headed towards auto-correction - Pranjul Bhandari, Bus Std
It's GDP season again. India's new method of calculating GDP (gross domestic product) growth has been keeping us on our toes, springing a surprise with every release. But this time we are determined to stay ahead of the game. The economy has experienced dramatic changes in prices, which could impact growth as they normalise. So we dig deeper into the numbers to see what the future holds.
A tiger cub in the neighbourhood? - Shankar Acharya, Business Standard
These days we are frequently told, usually by government ministers and spokes-persons, that India is the "fastest growing large economy in the world". Never mind that the debate on the new (since January 2015) national income data series, on which this claim is based, remains the subject of vigorous debate and scepticism.
Re-dialling Make-in-India - Financial Express
The government’s decision, last week, to roll back the import duties levied on components of mobile phones in the budget is curious. On February 29, as part of the annual Budget, finance minister Arun Jaitley levied import duties of 29% on mobile phone batteries, chargers, wired headsets and speakers, presumably to encourage firms manufacturing mobile phones in India to start producing these components.
Time to scale up capabilities at express speed - Pioneer
The Modi Government's emphasis on developing the shipping industry, especially the sea ports, with a one-trillion rupee commitment announced at the inaugural Maritime India Summit in Mumbai on Thursday, comes not a day soon.
UP, Bihar lead the way to adopt PM Modi's pet e-SamikSha scheme - Aman Sharma, Economic Times
Bihar chief minister Nitish Kumar and his UP counterpart Akhilesh Yadav may be political rivals of Narendra Modi but that has not come in the way of their state governments adopting a pet governance idea of the Prime Minister.
Riders to allow FDI in food product retail worry government - Sidhartha, ToI
The government is grappling with the foreign direct investment (FDI) norms for made-in-India food products after the food processing ministry suggested moves that will end up diluting the Budget announcement meant to improve infrastructure and reduce wastage.
Looking afresh at farm sector - Uttam Gupta, Pioneer
Prime Minister Narendra Modi’s objective to double farmers’ income by 2022 is being looked upon with scepticism. Critics argue that this will require an agricultural growth of more than 10 per cent per annum, at a time when growth in agriculture has collapsed to less than half a per cent per annum.
Deciphering Raghuram Rajanís next move - Rajeev Malik, Mint
All eyes are on Reserve Bank of India (RBI) governor Raghuram Rajan as he gears up for the first bimonthly monetary policy meeting of FY17. This is scheduled for 5 April, and would be the second meeting in the current calendar year. It would be useful to take stock of the positive and negative factors since the last meeting that are likely to affect the central bank’s actions and guidance.
Decoding the shift in global economic power - CP Chandrasekhar & Jayati Ghosh, Business Line
Much has been made of how there has been a substantial shift in the balance of economic power between the advanced capitalist economies (or the “North”) and some economies of the global South. It is true that very recently the hype surrounding “emerging markets” has died down, as international capital flows have swung away from them and many of them have shown decelerating growth or even declines in income as global exports fall.
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