WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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Low Pulse by Savvy Soumya Misra
Spiralling prices of pulses have shown India’s dependence on imports. Pulses are integral to India’s diet but not its food policy. As a result, supply cannot meet demand. What are the consequences and solutions? Surendra Nath has switched to eating grass-pea, though he knows it is not good for health. But so is tobacco, he argues. He cannot do without pulses and pigeon-pea selling at Rs 100 a kg is beyond...
More »Farmers paid peanuts, over 40% looking for better avenues by Omkar Sapre
PUNE: Bandya Pashte, 28, has been cultivating paddy on his family’s five-acre plot in village Veravli in the Konkan, Maharashtra’s coastal strip for about a decade. Last year, though, he threw in the towel because farming is not remunerative and lacks social status. Bandya has since migrated to the city to work as a driver, earning more than he did as a farmer. While Bandya is unaware of the National...
More »Try a new recipe by Ashok Gulati and Kavery Ganguly
The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...
More »Food inflation inches up to 17.97% for the week February 6
India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. The fuel price index rose...
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