-The Times of India NEW DELHI: The Food Corporation of India (FCI) is saddled with 27 million tonnes of wheat. Since 90% of grain procured this year were under relaxed norms, these stocks have a shorter shelf life and must be used in 8 to 10 months. FCI, sources said, is releasing these stocks to the public distribution system (PDS). This grain is shrivelled, broken and lacks lustre and the challenge is...
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Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
More »8 Indian states = 25 African nations: Oxford study on poverty -Prasun Sonwalkar
-Hindustan Times London: There are 1.6 billion people living in multidimensional poverty across the world and nearly 440 million of them are in eight large Indian states, according to a new analysis using a unique index developed at the University of Oxford. The eight Indian states that have similar number of poor as in 25 African countries are Bihar, Jharkhand, Madhya Pradesh, Uttar Pradesh, Chattisgarh, Odisha, Rajasthan and West Bengal. The poorest...
More »UP school uniform Scam: Shocking findings
Despite the provision of free school uniforms to be given to school children aged 6-14 years under the Right to Free and Compulsory Education Act, when it comes to education department of Uttar Pradesh things are happening in the wrong way. Officials working in UP's education department demand for commissions from uniform suppliers, reveals a Cobra Post sting. In order to know more, please read the press release from Cobra...
More »Food price surge puts Raghuram Rajan on the back foot -Rafael Nam and Rajendra Jadhav
-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut Interest Rates three times...
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