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Worst price slump in 18 years shows scale of farm crisis

NEW DELHI: This financial year, 2018-19 could end up being the worst year for farm incomes in almost two decades, government data indicates in a revelation that emphasises the gravity of the ongoing agrarian crisis and highlights a possible fault line for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government ahead of the Lok Sabha elections.

Captain govt. insensitive to traders’ concerns: Neena Mittal

CHANDIGARH: Trade and Industry unit wing of the Aam Aadmi Party (AAP) on Saturday flayed Captain Amarinder Singh government for being insensitive to the problems of a vast majority of industrialist and traders in the state. She alleged that all the subsequent governments in the state had blatantly ignored the small and medium-time traders’ concerns in the state.

Aman Arora told Punjab CM to allocate yearly Rs.3-crore MLALAD funds to MLAs

CHANDIGARH: The Aam Aadmi Party senior leader and MLA Sunam Aman Arora on Friday wrote a letter to the chief minister Capt. Amarinder Singh demanding allocation of MLALAD to the MLAs of Punjab on the line of MPLAD allotted to the members of parliament.

UK visas to be costlier for Indian, non-EU migrants from today

LONDON: The overall cost of a UK visa for Indian and non-EU citizens will rise from Tuesday as part of plans to raise the immigration health surcharge (IHS), which is payable when students, professionals and family members apply for the visa.

Delhi set to get public transport it deserves

NEW DELHI: If everything goes as planned, Delhi may finally get to upgrade its public transportation to match its world-class aspirations this year.

Power staff to hold two-day protest on Jan 8&9

CHANDIGARH: Electricity workers and engineers under the banner of the National Co-ordination Committee of Electricity Employees and Engineers (NCCOEEE) has decided to resort to two day nationwide strike/work boycott on January 8 & 9 against the Electricity (Amendment ) Bill 2018 and privatization  policies of central and state Governments.

Amritsar – Dehradun Flight by Spicejet to Start from January 20

AMRITSAR: Spicejet is giving a new year gift to the travelers from Punjab and Uttarakhand. It is launching direct daily flight from Sri Guru Ram Das Jee International Airport, Amritsar to the Uttarakhand capital Dehradun from January 20, 2019. Dehradun will become ninth domestic and seventeenth overall airport to be directly connected with the airport. Booking for the flight is available on the airline website.

Maharashtra government employees to get fat pay hikes from Jan 1

MUMBAI:  With an eye on the 2019 parliament and state assembly elections, Maharashtra announced a New Year bonanza on Tuesday: It would implement the 7th Pay Commission's recommendations for all government employees.

Why the farmer suicide debate is counter-productive to understanding India’s agrarian crisis?

NEW DELHI: India’s political economy discourse is often a prisoner of the dictum that when there is no theory, there is a conspiracy theory. Corruption, rather than an accentuated cyclical shock after the global financial crisis, combined with the poor governance structures in Indian banks, is described as the main reason for the bad loan crisis. Reservation for socially deprived communities, and not the general deceleration in growth of quality employment, is described as a bigger culprit for the lack of jobs.

10 lakh bank workers on strike nationwide today, services likely to be affected

MUMBAI: Banking operations will be affected Wednesday as close to 10 lakh employees of various public sector and some of the private and foreign banks are on a day-long strike to protest against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.

Agriculture crisis: Farmers finding it difficult to recover their cost of production

NEW DELHI:  Doubling farmer incomes was a key promise made by the Narendra Modi led government after it assumed power. As its tenure comes to an end, farm distress has emerged the biggest headache for the Bharatiya Janata Party’s (BJP) 2019 campaign. For a government which takes a lot of pride in having maintained India’s status as the fastest growing economy in the world intact, the contours of the current farm crisis are radically different from issues in the rest of the economy. This is because the problem is rooted in prices and not production growth.

NDA eyes farm, rural fix ahead of 2019 Lok Sabha elections

NEW DELHI: The Narendra Modi government has launched an interministerial review of the state of the rural economy to pin down reasons behind crops selling below their minimum support prices (MSP) and to find ways to raise rural wages to offset a challenging spell of farm distress — believed to be a key reason for its defeat in recent assembly elections in Rajasthan, Chhattisgarh, and Madhya Pradesh, where incumbent BJP governments were voted out.

India’s stocks are hostage to US Fed rate cycle, says mutual fund giant

MUMBAI: For all the domestic drivers of India’s stocks -- from oil to elections to shadow banking shakeouts -- the US Federal Reserve holds the most sway, according to the nation’s biggest money manager.

Punjab Vidhan Sabha denies hike in MLAs’ wages

CHANDIGARH: Rubbishing the news reports about a hike in the salary of Punjab legislators, the Punjab Vidhan Sabha has clarified that there has been no such hike and the matter is still under the consideration of the General Purposes Committee of the state Assembly.

Petrol prices increase after election of five states are over

MUMBAI: After declining for nearly two months, petrol prices rose marginally on Thursday across three of the four metro cities in the country.BJP government at center had lowered the rates due to election in five states.

Macron to hold crisis meeting over 'yellow vest' protests

PARIS: French President Emmanuel Macron will hold talks with business leaders and trade unions on Monday after a fourth weekend of the violent "gilets jaunes," or "yellow vest" nationwide protests that have challenged his grip on power.

Assam tea body slam 'chaiwala' Modi

GUWAHATI: The largest tea body of Assam on Sunday slammed Prime Minister Narendra Modi, who often refer to himself as a "chaiwala", for not being considerate towards the state's tea garden workers' plight and urged him to implement the promised minimum wage of Rs 350 before the new year starts.

France to suspend fuel tax hike after protests

PARIS:  The French government will suspend its plan to introduce a fuel tax hike which has led to violent protests, the media reported on Tuesday.

3-digit engineering exports seems a reality: EEPC India

KOLKATA: Indian engineering exports are expected to reach the three-digit level soon, having achieved an all-time high of $76.2 billion in the last fiscal and a 11.3 per cent hike over the first seven months during the current fiscal, an official said on Wednesday.

BJP will not allow reservation for minorities: Amit Shah

HYDERABAD: BJP President Amit Shah on Sunday said that BJP will not allow Telangana government to implement 12 per cent reservation for minorities.

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