-PTI IMD has forecast better than normal Southwest Monsoon for the year With pulses inflation high at 34%, a better monsoon would reduce price pressure in lentils and in turn food inflation, a latest report has said. Southwest Monsoon rains were lower by 16% as on yesterday. While June could still end with a marginal deficit, if rainfall remains adequate as forecast in July and August, it could provide much-needed support for growth...
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Brexit effect: Indian lady’s finger may go missing from British platter -Jayashree Bhosale
-The Economic Times PUNE: Indian bhindi is an increasingly popular 'exotic' vegetable in multi culti Britain. It is also a vegetable whose exports from India have consistently grown brining good returns to farmers. However, exporters now fear a decline in demand for Indian vegetables like baby corn, chillies etc from non-Indians in UK, as the local food is likely to become expensive due to exchange rate related issues after Brexit. Traders and...
More »FDI in food trade sans infra creation ‘rider’ irks Food Processing Ministry -Aditi Nigam
-The Hindu Business Line ‘Astonished’ RSS-backed farmers’ body seeks immediate roll-back New Delhi: The Centre’s nod for 100 per cent foreign direct investment (FDI) in trading of food products with “no riders”, has not only raised the hackles of the Food Processing Ministry, which has been pushing for 15 per cent mandatory investment in creation of back-end infrastructure to reduce wastage and create jobs, but has also irked farmers organisations, such as...
More »MGNREGA in Drought-Hit States: Work demand rises, but majority wait for additional days -Shalini Nair
-The Indian Express Across the country, wage employment generated under the scheme has gone up from 32 crore person-days in April - May 2015 to 51 crore person-days in the corresponding months of 2016. Signalling an increase in uptake of MGNREGA work on the ground owing to drought as well as the slow revival of the scheme itself, the person-days generated in the first two months of the financial year has gone...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
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