-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...
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Deciding who gets to eat -Brinda Karat
-The Hindu By allowing futures trade in food and diversion of farm land for commercial purposes, the UPA government is fuelling the price rise International agencies are warning of high food prices on a global scale in 2013 if urgent action is not taken. But our government shows little concern. The President’s address to Parliament had only a cursory mention of inflation. “Inflation is easing gradually, but is still a problem,” he...
More »Protests sour Modi date with printers -Radhika Ramaseshan
-The Telegraph Narendra Modi will be “Romancing Print” on March 2 but some printers, unwilling to be wooed by the Gujarat chief minister, have dropped out of a conference where he will be chief guest. “The print and publishing industry cannot play Goebbels to Modi,” Indu Chandrasekhar, the founder of Tulika Books, wrote to the organisers of the conference in Delhi being held to exchange ideas on digital printing, motivating the self,...
More »Govt mulls allowing private traders in export of FCI wheat
-PTI The government today said it is working on a proposal to allow private traders in additional wheat export from the central stocks as part of its efforts to create space for the new crop. So far, the government has allowed export of 4.5 million tonnes of wheat from the Central pool stocks mainly by State-run trading corporations. "We are thinking of allowing private traders in export of additional wheat from the Food...
More »Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
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