Union Minister of Agriculture, Consumer Affairs, Food and Public Distribution Sharad Pawar on Friday said retail prices of some food items like pulses, edible oil, milk and vegetables have been rising in the last six months. “There are few items (essential commodities) where there is no improvement in prices…retail prices of pulses such as urad dal and moong dal, edible oils like groundnut oil and vanaspati, milk and potato have shown...
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Job scheme boosts rural household income 74% by Sandip Das
The employment guarantee scheme has resulted in a big spurt in not only wages but also household income in the rural areas, an analysis of the data since the beginning of the programme in 2006-07 show. While rural wages have risen 38% since 2006-07, household income saw a 74% increase in the four years up to 2009-10. This is despite the fact that just 13% of the 5 crore beneficiary families...
More »Rs 60,000 crore is the cost of rotting food grain every year. Yet, millions go hungry by Suman Sahai
EVERY OTHER day there is either a newspaper report or an editorial comment lamenting the loss of food grain stored in buffer stocks. Agriculture Minister Sharad Pawar, while prophesying a bumper kharif crop, admits he is worried about not having adequate storage for the produce. At a national conference in 2003, the Central Warehousing Corporation said it had covered storage capacity for 48 million tonnes of food grain. In 2002,...
More »Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek
Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
More »Does the govt know how to control rising prices? by Subodh Varma
Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...
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