To sum up, the working group has listed several suggestions to improve the working of agricultural credit. The Indian agriculture system is a maze with several ministries and organisations responsible for different tasks and any committee recommendations are often lost in the process. To avoid this, the Jain committee has marked out specific ministries and organisations against each suggestion, which is really helpful. … [Read more...] about Agri finance: Another year, another panel. Will things change?
Directions to target
For example, if I have $1,200 in extra income from the government, I might go out and spend some of that on a nice meal with my family at a local restaurant. The restaurant then uses that money to pay its employees and buy more supplies from other businesses, both of which then spend the money on other things they need. The more everyone spends from that initial dollar, the higher the multiplier. If a lot of people like me use that extra money for savings or to pay off credit card debt, the multiplier goes down, making the stimulus less impactful. … [Read more...] about What can Biden do to quickly stimulate the sputtering U.S. economy?
Two-wheeler demand was robust and so was cement demand. Smart Investors were anticipating this which was evident in the sharp up-move of over 5 percent this week in the Nifty Midcap 50 and over 6 percent up-move this week in the Nifty Smallcap 100. … [Read more...] about Q2 GDP numbers surprise positively, likely to give impetus to market