Punjab and Haryana have asked the government to declare a minimum farmgate price for the Pusa 1121 variety of basmati in order to protect farmers from price fluctuations. This is the first time that such a demand has been raised for basmati. The proposed farmgate price is similar to the government support price declared for key crops to protect interests of growers. The request that the government declare a minimum...
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Spike in food inflation a cause for concern, says Survey by Gargi Parsai
The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political Turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...
More »How not to tackle the black economy in India by Arun Kumar
Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....
More »Why agriculTure policies are outdated and contradictory by MJ Prabu
The Government does not bother to know what crops are being sown “India's daily Turnover from vegetables and fruits could be easily about Rs. 275 crores (US$ 59 million). The estimated cost of ‘wastage' per day, is around Rs. 130 crores (US$ 27 million). In summary, it's a lot bigger than some of the Indian IT sector's daily Turnover”, says Mr. Venkat Subramanian, Founder and Managing Director, Matchbox Solutions, a company...
More »NAC undermined by Praful Bidwai
By stubbornly overruling the National Advisory Council, the government risks defeating its purpose as a body that speaks for the poor and the disadvantaged. HAS the Manmohan Singh government begun to regard the National Advisory Council (NAC) as an adversary who should be undermined? Going by their exchanges on key issues such as food security, wages under the National Rural Employment Guarantee Act (NREGA), and the implementation of the Scheduled Tribes...
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