-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
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Jowar not to be available under PDS: Minister -Firoz Rozindar
-The Hindu Vijayapura (Karnataka): The desire of the people of North Karnataka to have Jowar under Public Distribution System (PDS) is not going to be met this year too owing to acute shortage of Jowar in the market. "In all likelihood, the people of NK will not get their staple diet in their monthly ration because of the unavailability of adequate quantity of Jowar for procurement", said Dinesh Gundurao, the Minister for...
More »A flawed approach to food security -Deepankar Basu & Debarshi Das
-The Hindu With India continuing to be plagued by malnutrition, it is foolhardy to use the changed food production situation in the domestic economy as a reason for dismantling the FCI Within months of assuming office, the BJP-led National Democratic Alliance government set up a High Level Committee (HLC) in August 2014 to restructure, reorient and reform the Food Corporation of India (FCI). The eight-member HLC was chaired by senior BJP leader,...
More »The debt story less told -KP Prabhakaran Nair
-The Hindu Business Line Small and marginal farmers in rainfed regions are trapped in a losing battle with agriculture - and with life The lot of the poor Indian farmer keeps deteriorating with the passage of time. According to the National Sample Survey Office (NSSO) data released on December 19, 2014, during the last decade, the bloated debt of Indian agricultural households increased almost 400 per cent Even the number of heavily...
More »Gone grain: Doon Basmati may soon be dead -Shivani Azad
-The Times of India DEHRUDUN: The rich aroma and distinct taste of the Dehradooni basmati may be a thing of the past as early as the next couple of years. The grain, which made the term 'basmati' synonymous with good quality rice, is being edged out by other hybrid varieties as well as rapid urbanization which has shrunk the fields where it is grown. Confirming that the Dehradooni basmati, known as...
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