Page 4 - Rural Economy

Rural growth outpaces urban demand, trend to continue 6 months: Pidilite MD

Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees 'stability' in input prices, which is providing him with a lot more elbow room to invest back into the marketplace. Puri says he is "increasingly optimistic" as he looks forward as there is clearly increased construction activity, leading to good demand. The company, which recently entered into the Paints market and has a presence in 2-3 states, would expand further to other markets based on consumer responses. It is an organic business for Pidilite, which will grow steadily, he added. When asked about the current quarter (July-September), Puri said there has been disruption at some places due to rains. "Q2 up to now has been a very unnatural quarter simply because

First-ever "Credit Guarantee Scheme" for livestock sector; details here

In an effort to boost the rural economy of the country, DAHD has set up credit guarantee fund trust of Rs 750 crores to give easier access to finance to eligible MSMEs and entrepreneurs

Tourist influx in J&K sees push in rural economy, employment generation

The influx of tourists to Jammu and Kashmir villages is witnessing a push in its rural economy, as well as, employment generation in the area

FMCG firm Emami Ltd bets on demands in rural markets to grow in FY24

FMCG major Emami Ltd is looking to grow in the current financial year riding on the improving demands in the rural markets, a senior company official said on Friday. Speaking to PTI, Emami's CEO of Finance, Strategy and Business Development NH Bhansali said the company will focus on expanding its core business with brand extensions, and also look for acquisition opportunities. "There have been numerous challenges and volatile times for the sector, but now we are witnessing a gradual easing of inflationary pressure and a resurgence in GDP growth. Consequently, we anticipate favourable conditions ahead, especially for the FMCG sector," he said. "While the urban market has shown consistent growth, we are also seeing promising signs of recovery in rural demand after enduring significant difficulties. Therefore, we expect a progressive improvement in rural demand in the foreseeable future. Furthermore, a normal monsoon will provide the necessary impetus for the overall business," he ...

Himachal govt taking prudent measures to boost rural economy: CM Sukhu

Chief Minister Sukhu said that the state government had started to fulfil the election promises made by the Congress party during state elections

Retail inflation for farm, rural workers rises marginally in March

Retail inflation for farm labour and rural workers rose marginally to 7.01 per cent and 6.94 per cent, respectively, in March compared to February this year, mainly due to higher prices of certain food items. "Point-to-point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (rural labourers) stood at 7.01 per cent & 6.94 per cent in March 2023 compared to 6.94 per cent & 6.87 per cent, respectively, in February 2023, and 6.09 per cent and 6.33 per cent respectively during the corresponding month (March 2022) of the previous year," a labour ministry statement said. Similarly, it stated that the food inflation stood at 7.12 per cent and 7.07 per cent in March 2023 compared to 6.82 per cent and 6.68 per cent, respectively, in February 2023 and 4.91 per cent and 4.88 per cent, respectively, during the corresponding month of the previous year, it added. The All-India Consumer Price Index Number for Agricultural Labourers and Rural ...

Maruti Suzuki's rural market sales racing to reach the urban mark

Maruti Suzuki says proudly that they have helped to sell at least one car in 4.18 lakh villages

PM Awas, Jal Jeevan to create rural jobs, justify MGNREGS cut: CEA

The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce

Rural economy revival to take time in absence of specific triggers: Report

Focus on the rural economy in the budget has been waning over the years and in such a scenario a revival of the rural economy would take time, JM Financial said in a report

The free grain scheme risks undermining more than the rural economy

The problem with govt's decision lies not with fiscal maths but with how it addresses realities of economics of farming and the income levels of much of India's working population, writes T N Ninan

2022: When high prices ate into rural earnings more than in urban areas

War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit

Declining demand for jobs under MGNREGA, but workers await pending payments

Union Finance Minister Nirmala Sitharaman, while addressing the Lower House of Parliament on December 14 this year, claimed that the demand for work under MGNREGA is on the wane

Retail inflation for rural workers rises to 6.99%, in Nov on annual basis

Retail inflation for farm and rural workers rose to 6.87 per cent and 6.99 per cent, respectively, in November on annual basis mainly due to lower prices of certain food items. Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labours) and CPI-RL (rural labourers) stood at 7.22 per cent & 7.34 per cent respectively in October, 2022 and 3.02 per cent and 3.38 per cent, respectively, during the corresponding month (November 2021) of the previous year, a labour bureau statement said. Food inflation stood at 6.19 per cent and 6.05 per cent in November, 2022 compared to 7.05 per cent and 7 per cent respectively in October 2022 and 0.88 per cent and 1.07 per cent respectively during the corresponding month (November 2021) of the previous year, it stated. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for the month of November 2022 increased by 8 points each to stand at 1167 and 1178 points ...

Are states with high levels of poverty spending less on MGNREGS?

Experts said an institutionalised system of social audits will clear lots of doubt

Working class politics: A global puzzle

The right wing's appeal to the working poor has to do with the fact that economic insecurity has often been intertwined with cultural insecurity, which the right is in a better position to exploit

Retail inflation for farm and rural workers eases slightly to 7.22% in Oct

Retail inflation for farm and rural workers eased marginally to 7.22 per cent and 7.34 per cent, respectively, in October compared to September 2022, mainly due to lower prices of certain food items. "Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labour) and CPI-RL (rural labour) stood at 7.22 per cent & 7.34 per cent in October 2022 compared to 7.69 per cent & 7.90 per cent respectively in September 2022 and 2.76 per cent and 3.12 per cent respectively during the corresponding month of the previous year," a labour ministry statement said. Food inflation stood at 7.05 per cent and 7 per cent in October 2022 compared to 7.47 per cent & 7.52 per cent respectively in September 2022 and 0.39 per cent & 0.59 per cent respectively during the corresponding month of the previous year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for the month of October 2022 increased by 10 points and 9 ...

Finance ministry likely to give additional Rs 25,000 crore for MGNREGS

But asks rural development ministry to identify and remove inefficiencies

Patchy rains, inflation hit rural sales of FMCG companies: NielsenIQ

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ

The irrelevance of regional rural banks

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes

J-K govt lists 181 villages for development under TVDP to empower youth

To strengthen the rural economy and empower the youth and women with direct and indirect employment opportunities, the Government of Jammu and Kashmir has identified 181 villages having picturesque beauty and cultural significance for transformation into tourist destinations under Tourist Villages Development Program (TVDP), stated the Department of information and public relations JK.Under Mission Youth's initiative, registered youth and Self Help Groups are provided an opportunity to be a part of the Government's endeavour to boost rural tourism in J & K.According to the official statement, the youth-led sustainable tourism initiative will strengthen the rural economy and community entrepreneurship, empowering youth and women by providing direct and indirect employment opportunities. This step will showcase the landscapes, indigenous knowledge systems, cultural diversity and heritage, local values and traditions, besides encouraging film shooting and offering financial ...