-The Times of India Making a strong pitch for raising diesel prices, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said there was a need to revise prices to reduce the huge subsidy burden and bring down the fiscal deficit. While releasing the economic review for 2011-12, Rangarajan said it was earlier agreed to deregulate diesel prices but the decision was never implemented. He advocated a phased deregulation of diesel...
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RBI hopes FDI in muti-brand retail will ease inflation
The Reserve Bank of India on Friday expressed the hope that foreign direct investment in multi-brand retail would help in bringing down inflation. “...Certainly it (FDI in multi-brand retail) would help improve supply chain and we hope it should also contribute to reducing inflation,” Reserve Bank of India Governor D. Subbarao told reporters on the sidelines of a memorial lecture here. Dr. Subbarao said 51 per cent FDI in multi-brand retail would...
More »Pranab claim specious, short on facts: CPI (M)
-The Hindu The Communist Party of India (Marxist) on Thursday refuted the “specious explanations” on inflation given by Finance Minister Pranab Mukherjee saying his statement hid the government's failure to check price rise. Reacting to his November 22 suo motu statement in Parliament, the CPI(M) Polit Bureau said: “It is nothing but an exercise in deception to conceal the utter failure of the UPA government in checking the relentless price rise.” While referring...
More »ICAR proposes 100 more Krishi Vigyan Kendras for larger districts in 12th Plan
-The Pioneer With an aim to bring about the second green revolution through adoption of effective scientific agricultural methods, the Indian Council of Agricultural Research (ICAR) under Agriculture Ministry has proposed 100 more Krishi Vigyan Kendras (KVK) across the country in the 12th Plan. In a proposal sent to the apex planning body, Planning Commission, ICAR has said that in big districts, one KVK is not effective as farmers have to travel...
More »‘Diwali bonanza' to farmers, MSP up for rabi crops
-The Hindu The Union government on Tuesday announced an increase of Rs. 115 in the minimum support price (MSP) of wheat, which has been set at Rs. 1,285 a quintal for the 2012-13 rabi marketing season. The MSP for the previous year was Rs. 1,170 including a bonus of Rs. 50. Terming the increase a “Diwali bonanza to farmers,” Law Minister Salman Khursheed told journalists that the decision was taken at a...
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