Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Cost-push element behind rise in food prices, says Pranab    </title>
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&ldquo;States should ensure effective public distribution system&rdquo;&nbsp; 


Fiscal deficit at 6.8 per cent of GDP a challenge


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&ldquo;States should ensure effective public distribution system&rdquo;&nbsp; 


Fiscal deficit at 6.8 per cent of GDP a challenge


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                            <p align="justify"><font >&ldquo;States should ensure effective public distribution system&rdquo;&nbsp; </font></p><p align="justify"><font >Fiscal deficit at 6.8 per cent of GDP a challenge</font></p><p align="justify"><font >Dip in exports due to low demand following economic downturn in foreign markets</font></p><p align="justify"><font >Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities.</font></p><p align="justify"><font >Speaking at the 109th Annual General Meeting of the Bharat Chamber of Commerce here, Mr. Mukherjee said that though he was concerned about the continuous rise in food prices, a &lsquo;cost-push element&rsquo; was responsible for it. </font></p><p align="justify"><font >&ldquo;It has to be understood that a cost-push element is responsible for the rise in food prices &hellip; it emerges from the Centre&rsquo;s decision to give fair and remunerative prices to farmers among others [procurement, transportation and stocking prices].&rdquo; The situation rose from a &ldquo;supply-side bottleneck,&rdquo; he said. </font></p><p align="justify"><font >Mr. Mukherjee emphasised the need for making the public distribution system more effective for the benefit of the fixed income group and the vulnerable sections of society. He stressed on the role of the States in ensuring the same. </font></p><p align="justify"><font >&ldquo;The State governments should ensure that subsidised food grains were given through effective public distribution system. Also the States&rsquo; de-hoarding mechanism should be strengthened to ensure that unscrupulous traders, who hoarded essential commodities, were brought to book.&rdquo; he said. </font></p><p align="justify"><font >Outlining a fiscal deficit at 6.8 per cent of the Gross Domestic Product (GDP) as one of the challenges facing the nation, he said the solution lay in expanding the revenue base. </font></p><p align="justify"><font >&ldquo;Fiscal consolidation is a must in this situation that should be 5.5 per cent of the GDP for 2010-11 and not more than 4 per cent of the GDP in 2011-12.&rdquo; </font></p><p align="justify"><font >On the dip in export figures for 13 months since October 2008, Mr. Mukherjee said the situation was mainly due to a low demand following the economic downturn in the markets of Europe, Canada, Japan and the U.S., which constituted 62 per cent of India&rsquo;s export market. </font></p><p align="justify"><font >&ldquo;A lesson needs to be learnt from it is that unless Indian exporters diversify the exportable goods market, the situation will not improve.&rdquo; </font></p><p align="justify"><font >Exuding confidence that the GDP would grow by 7.75 per cent in 2009-10, against the Reserve Bank of India&rsquo;s estimate of 6 per cent, Mr. Mukherjee asserted that his estimates were based on the positive performance of industry, manufacturing and service sectors, liquidity of the RBI and the steady flow of foreign direct investment. </font></p><p align="justify"><font >The Centre would not &ldquo;take resort to a premature exit policy [of stimulus package] before the recovery of the economy on a firm footing rather than in an elusive manner.&rdquo; <br /></font></p>                                                           
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    <br><a href="http://www.hindu.com/2009/12/25/stories/2009122555851000.htm" class="re" target="_blank">The Hindu, 25 December, 2009, http://www.hindu.com/2009/12/25/stories/2009122555851000.htm</a><div class="clear"></div>
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Fiscal deficit at 6.8 per cent of GDP a challenge


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    <h1 class="cat-box-title">Cost-push element behind rise in food prices, says Pranab</h1>
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                            <p align="justify"><font >&ldquo;States should ensure effective public distribution system&rdquo;&nbsp; </font></p><p align="justify"><font >Fiscal deficit at 6.8 per cent of GDP a challenge</font></p><p align="justify"><font >Dip in exports due to low demand following economic downturn in foreign markets</font></p><p align="justify"><font >Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities.</font></p><p align="justify"><font >Speaking at the 109th Annual General Meeting of the Bharat Chamber of Commerce here, Mr. Mukherjee said that though he was concerned about the continuous rise in food prices, a &lsquo;cost-push element&rsquo; was responsible for it. </font></p><p align="justify"><font >&ldquo;It has to be understood that a cost-push element is responsible for the rise in food prices &hellip; it emerges from the Centre&rsquo;s decision to give fair and remunerative prices to farmers among others [procurement, transportation and stocking prices].&rdquo; The situation rose from a &ldquo;supply-side bottleneck,&rdquo; he said. </font></p><p align="justify"><font >Mr. Mukherjee emphasised the need for making the public distribution system more effective for the benefit of the fixed income group and the vulnerable sections of society. He stressed on the role of the States in ensuring the same. </font></p><p align="justify"><font >&ldquo;The State governments should ensure that subsidised food grains were given through effective public distribution system. Also the States&rsquo; de-hoarding mechanism should be strengthened to ensure that unscrupulous traders, who hoarded essential commodities, were brought to book.&rdquo; he said. </font></p><p align="justify"><font >Outlining a fiscal deficit at 6.8 per cent of the Gross Domestic Product (GDP) as one of the challenges facing the nation, he said the solution lay in expanding the revenue base. </font></p><p align="justify"><font >&ldquo;Fiscal consolidation is a must in this situation that should be 5.5 per cent of the GDP for 2010-11 and not more than 4 per cent of the GDP in 2011-12.&rdquo; </font></p><p align="justify"><font >On the dip in export figures for 13 months since October 2008, Mr. Mukherjee said the situation was mainly due to a low demand following the economic downturn in the markets of Europe, Canada, Japan and the U.S., which constituted 62 per cent of India&rsquo;s export market. </font></p><p align="justify"><font >&ldquo;A lesson needs to be learnt from it is that unless Indian exporters diversify the exportable goods market, the situation will not improve.&rdquo; </font></p><p align="justify"><font >Exuding confidence that the GDP would grow by 7.75 per cent in 2009-10, against the Reserve Bank of India&rsquo;s estimate of 6 per cent, Mr. Mukherjee asserted that his estimates were based on the positive performance of industry, manufacturing and service sectors, liquidity of the RBI and the steady flow of foreign direct investment. </font></p><p align="justify"><font >The Centre would not &ldquo;take resort to a premature exit policy [of stimulus package] before the recovery of the economy on a firm footing rather than in an elusive manner.&rdquo; <br /></font></p>                                                           
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    <br><a href="http://www.hindu.com/2009/12/25/stories/2009122555851000.htm" class="re" target="_blank">The Hindu, 25 December, 2009, http://www.hindu.com/2009/12/25/stories/2009122555851000.htm</a><div class="clear"></div>
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    <h1 class="cat-box-title">Cost-push element behind rise in food prices, says Pranab</h1>
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                            <p align="justify"><font >&ldquo;States should ensure effective public distribution system&rdquo;&nbsp; </font></p><p align="justify"><font >Fiscal deficit at 6.8 per cent of GDP a challenge</font></p><p align="justify"><font >Dip in exports due to low demand following economic downturn in foreign markets</font></p><p align="justify"><font >Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities.</font></p><p align="justify"><font >Speaking at the 109th Annual General Meeting of the Bharat Chamber of Commerce here, Mr. Mukherjee said that though he was concerned about the continuous rise in food prices, a &lsquo;cost-push element&rsquo; was responsible for it. </font></p><p align="justify"><font >&ldquo;It has to be understood that a cost-push element is responsible for the rise in food prices &hellip; it emerges from the Centre&rsquo;s decision to give fair and remunerative prices to farmers among others [procurement, transportation and stocking prices].&rdquo; The situation rose from a &ldquo;supply-side bottleneck,&rdquo; he said. </font></p><p align="justify"><font >Mr. Mukherjee emphasised the need for making the public distribution system more effective for the benefit of the fixed income group and the vulnerable sections of society. He stressed on the role of the States in ensuring the same. </font></p><p align="justify"><font >&ldquo;The State governments should ensure that subsidised food grains were given through effective public distribution system. Also the States&rsquo; de-hoarding mechanism should be strengthened to ensure that unscrupulous traders, who hoarded essential commodities, were brought to book.&rdquo; he said. </font></p><p align="justify"><font >Outlining a fiscal deficit at 6.8 per cent of the Gross Domestic Product (GDP) as one of the challenges facing the nation, he said the solution lay in expanding the revenue base. </font></p><p align="justify"><font >&ldquo;Fiscal consolidation is a must in this situation that should be 5.5 per cent of the GDP for 2010-11 and not more than 4 per cent of the GDP in 2011-12.&rdquo; </font></p><p align="justify"><font >On the dip in export figures for 13 months since October 2008, Mr. Mukherjee said the situation was mainly due to a low demand following the economic downturn in the markets of Europe, Canada, Japan and the U.S., which constituted 62 per cent of India&rsquo;s export market. </font></p><p align="justify"><font >&ldquo;A lesson needs to be learnt from it is that unless Indian exporters diversify the exportable goods market, the situation will not improve.&rdquo; </font></p><p align="justify"><font >Exuding confidence that the GDP would grow by 7.75 per cent in 2009-10, against the Reserve Bank of India&rsquo;s estimate of 6 per cent, Mr. Mukherjee asserted that his estimates were based on the positive performance of industry, manufacturing and service sectors, liquidity of the RBI and the steady flow of foreign direct investment. </font></p><p align="justify"><font >The Centre would not &ldquo;take resort to a premature exit policy [of stimulus package] before the recovery of the economy on a firm footing rather than in an elusive manner.&rdquo; <br /></font></p>                                                           
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    <br><a href="http://www.hindu.com/2009/12/25/stories/2009122555851000.htm" class="re" target="_blank">The Hindu, 25 December, 2009, http://www.hindu.com/2009/12/25/stories/2009122555851000.htm</a><div class="clear"></div>
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Home हिन्दी

Cost-push element behind rise in food prices, says Pranab

Published on Dec 25, 2009   Modified on Dec 25, 2009

“States should ensure effective public distribution system”  Fiscal deficit at 6.8 per cent of GDP a challenge Dip in exports due to low demand following economic downturn in foreign markets Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities. Speaking at the 109th Annual General Meeting of the Bharat Chamber of Commerce here, Mr. Mukherjee said that though he was concerned about the continuous rise in food prices, a ‘cost-push element’ was responsible for it. “It has to be understood that a cost-push element is responsible for the rise in food prices … it emerges from the Centre’s decision to give fair and remunerative prices to farmers among others [procurement, transportation and stocking prices].” The situation rose from a “supply-side bottleneck,” he said. Mr. Mukherjee emphasised the need for making the public distribution system more effective for the benefit of the fixed income group and the vulnerable sections of society. He stressed on the role of the States in ensuring the same. “The State governments should ensure that subsidised food grains were given through effective public distribution system. Also the States’ de-hoarding mechanism should be strengthened to ensure that unscrupulous traders, who hoarded essential commodities, were brought to book.” he said. Outlining a fiscal deficit at 6.8 per cent of the Gross Domestic Product (GDP) as one of the challenges facing the nation, he said the solution lay in expanding the revenue base. “Fiscal consolidation is a must in this situation that should be 5.5 per cent of the GDP for 2010-11 and not more than 4 per cent of the GDP in 2011-12.” On the dip in export figures for 13 months since October 2008, Mr. Mukherjee said the situation was mainly due to a low demand following the economic downturn in the markets of Europe, Canada, Japan and the U.S., which constituted 62 per cent of India’s export market. “A lesson needs to be learnt from it is that unless Indian exporters diversify the exportable goods market, the situation will not improve.” Exuding confidence that the GDP would grow by 7.75 per cent in 2009-10, against the Reserve Bank of India’s estimate of 6 per cent, Mr. Mukherjee asserted that his estimates were based on the positive performance of industry, manufacturing and service sectors, liquidity of the RBI and the steady flow of foreign direct investment. The Centre would not “take resort to a premature exit policy [of stimulus package] before the recovery of the economy on a firm footing rather than in an elusive manner.”

The Hindu, 25 December, 2009, http://www.hindu.com/2009/12/25/stories/2009122555851000.htm

 

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