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Urban poor bearing the brunt of high inflation: Crisil

-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...

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Why BJP is here to stay -Aunindyo Chakravarty

-The Tribune Consolidation of non-dominant OBCs and Dalits the primary reason Prashant ‘PK’ KISHOR has upset his greatest supporters, India’s English-speaking liberals, by saying that the BJP is going to be the ‘centre of Indian polity’ for decades to come, and that one should not ‘ever get into the trap that people are getting angry and they will throw away Modi.’ This, to many anti-Modi voices, is the unkindest cut of all,...

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Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

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Almost 90% of total allocated funds for MGNREGA in 2021-22 have been utilised, shows tracker prepared by PAEG

-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total budget allocation for NREGA is 34 percent less than the revised budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...

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Sugar surplus may drop due to U.P. rains, higher ethanol capacity

-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...

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