The Good and the Bad of Modi Government's Economic Performance
TEAM BT ANALYSES THE KEY SECTORS THAT BENCHMARK THE PERFORMANCE OF THE NDA GOVERNMENT LED BY PRIME MINISTER NARENDRA MODI:
AGRICULTURE: Distress Signals
By March 31, over 40 million small and marginal farmers would have got 2,000 each in their bank accounts as direct income support under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme launched early this year. The scheme, which will pay 125 million farmers’ families 6,000 per year in three installments, has been projected as the government’s biggest farmer friendly initiative. The scheme is also an acknowledgement of the long persisting crisis in India’s agrarian and rural economy. The BJP’s losses in the recently concluded assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh were attributed to farmers’ ire and rural unrest despite the much publicised initiatives like the Pradhan Mantri Fasal Bima Yojana (crop insurance), Har Khet Ko Pani (micro irrigation), e-NAM (digitally connected national agriculture produce markets), increased MSP and rural employment guarantee schemes like MNREGA. This clearly indicates that even record foodgrain production (an estimated 281.37 million tonnes in 2018/19) has not resulted in a corresponding increase in farmers’ income. The key reason was the conflicting policy objectives in the last five years.
When the Modi government took charge, its first priority was to tame runaway food inflation, which was 9.4 per cent in 2013/14. Moderation in MSP increase, imposition of stock limits to deal with cartelisation and hoarding, import of pulses and open market sale of procured foodgrain saw that there was a decline in inflation. It helped consumers but was in direct conflict with another promise in the BJP’s 2014 election manifesto – enhancing profitability in agriculture by ensuring at least 50 per cent profits over cost of production.
هذه القصة مأخوذة من طبعة April 21, 2019 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 21, 2019 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.