WEEKLY WRAP UP- Post Covid, a new world order emergeth: Modi

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The Group of 20 major economies need to focus on broad-based vaccine rollouts and consider all financing options for deeply distressed countries, including an allocation of International Monetary Fund Special Drawing Rights (SDRs), IMF’s chief economist Gita Gopinath said. She also called for additional for poor countries who could “barely spend during this pandemic” and […]

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NABARD creates Rs 5,000 crore micro irrigation fund

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The Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) is implementing a Centrally Sponsored Scheme of  ‘Per Drop More Crop’ component of ‘Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC)’ from  2015-16 in all the States of the country.  The scheme will focus on enhancing water use efficiency at farm level through Micro Irrigation also known as Drip and Sprinkler irrigation […]

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Rise in non-energy commodity prices in 2020 fastest since 2011

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Commodity prices have risen rapidly as the manufacturing side of the global economy bounces back from the first wave of the coronavirus epidemic and lockdowns last year. By November 2020, global manufacturing activity had recovered all of its pandemic-related losses and merchandise trade volumes were more than 1% higher than prior-year levels. In contrast, much […]

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India unveils expansionary budget to combat pandemic’s impact

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With covid pandemic in mind, Finance Minister Nirmala Sitharaman announced a plethora of allocations and tax incentives in the annual budget to expedite the economic recovery process. The Union Budget 2021-2022 definitely cheered investors and propelled the benchmark stock index (SENSEX) by 2,000 points, the largest in 10 months. The budget made substantially higher allocations for […]

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India allocates Rs 1 lakh crore for strengthening agri-infra, cold storage: Minister Tomar from WEF, Davos

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India’s Union Agriculture Minister Narendra Singh Tomar  informed that the Central government has set up a Rs 1 lakh crore fund under the “Aatmanirbhar package” to strengthen the crops storage infrastructure and reduce post-harvesting losses. Speaking at a discussion on “Unlocking Innovation to Transform Food Systems” during the World Economic Forum’s Davos Agenda summit via video conferencing, he […]

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India’s agriculture sector in 2020 – from record foodgrain production to farmer protests

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Indian agriculture sector achieved record foodgrain production and registered positive growth despite the coronavirus pandemic but the massive farmers’ protest at the borders of the national capital against the new farm laws overshadowed its remarkable performance last year. Notwithstanding the cold weather and pandemic concerns, the protest by thousands of farmers, mainly from Punjab and […]

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WEEKLY WRAP-UP – Economic disparity post-pandemic not sustainable

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The new COVID-19 surge remains a near-term threat to the economic recovery. But over the course of the last 10 months, the economy has turned out to be more resilient in adapting to the virus and more responsive to monetary and fiscal policy support than many predicted. The development of several effective vaccines indicates that […]

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