The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...
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India’s Tea Party Time by Dilip Bobb
The Gandhi topis, the non-violent crowds, the banners and other symbols of protest, including tonsuring of heads, meditating mendicants, patriotic songs and fervour and, of course, the fasts, are seen as a throwback to the days when the Mahatma exerted enormous and unquestioned moral authority over the ruling government, political leaders and the populace. Most references to the “revolution” started by Anna Hazare and his group, now immortalised as Team...
More »Crop holiday and food security by MS Swaminathan
August is usually the preferred month for family holidays in Europe, because of abundant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, however, several farm families in coastal Andhra Pradesh, the rice bowl of the country, are reported to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....
More »MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
More »Food items, fuel, clothing more expensive in July
-PTI Select food items, fuel and clothing grew more expensive in July, leading to a 1.47 per cent rise in the Consumer Price Index (CPI) vis-a-vis the month of June to 110.4 points. The CPI, based on retail prices, stood at 108.8 points in June, as per data released by the government on Thursday. At the all-India level, the CPI for 'food, beverages and tobacco' went up by 1.57 per cent to 110.3...
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