Economic Challenger

Check out Economic Challenger: Issue 84 July-September 2019@joomag: https://joom.ag/3cIe

The Government has raised minimum support price (MSP) for Kharip crops which is in line with giving farmers 1.5 times the cost of production. Besides a New Labor Code that allows minimum wages to be paid by cheque or bank transfers to workers of both organized and unorganized sectors and leasing out of Lucknow, Ahmedabad and Mangalore Airports to Adani Enterprise are the major decisions taken by the Cabinet. Monsoon is late this time and advancing at a slow pace and most likely that rains will be deficient in many states. The economy is facing a slowdown in many sectors to which Government is well aware and the coming Budget 2019-20 will incentivize the industries to increase output.

In the backdrop of these events, the July-September 2019  issue has brought forward various research articles in its contents. It will help the upcoming researchers to enlighten them the new issues emerging in the prospective research.

DO IT NOW
If you are planning writing some article, this is the right time. Start it now and submit to us by 10th June 2019.Your article will be taken up first come first serve basis in the forthcoming July-September 2019 issue. Hurry up and reserve your space by pre-informing us. Good wishes.

DIGITAL VERSION ECONOMIC CHALLENGER APRIL-JUNE 2019 available : https://joom.ag/zpUa

The Central Bank, on 4 April 2019, in its first bi-monthly policy review for the financial year 2019-20 has slashed the policy rate by 0.25 percent to 6% for the second time in a row.  More room for rate cuts was denied immediately in the face of impending General Elections from April 11 to May 18.

The output gap remains negative and the domestic economy is facing headwinds especially on the global front. The need is to strengthen domestic growth impulses by spurring private investment which has remained sluggish. The resolution of the bad loans will be an immediate concern for the RBI to issue revised directives to its member banks.

Fitch Ratings has rated  Indian Economy at BBB- showing lowest investment grade rating which has remained unchanged for the last 13 years. Election campaign promises to support farmers'incomes including direct cash transfers and farm loan waivers will add to spending measures in FY 2019-20. Next government is likely to have a smaller majority in the …

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