There is a suggestion circulating in the corridors of our apex monetary regulatory authority, the Reserve Bank of India, that food inflation is beginning to look more ‘structural’ than ‘seasonal’, and it can only be tackled by addressing the supply side. We need to address both demand and supply sides simultaneously to tackle food inflation. While we must be happy that more and more poor eat fruits and cook vegetables...
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High cotton prices affect industry; farmers rich
High cotton prices spun out enough problems for India’s $62 billion textiles industry, but weaved gains for growers and traders in 2010. Amid pulls and pressures from the conflicting interests, a ministers’ group under the guidance of finance minister Pranab Mukherjee kept reviewing the price and crop situation, with excessive winter rains playing spoilsport. The textiles industry pulled out all stops to lobby with the textiles, commerce and finance ministries seeking a...
More »UP cane farmers, mills lobby govt for good price
The Uttar Pradesh government is expected to soon announce the price at which mills in the state will have to buy sugarcane from farmers. Having received a record Rs 260 per quintal for sugarcane last season, farmers are insisting on a similar payout this season. The figure will be keenly watched because high raw material costs can substantially reduce profitability of companies in a season of bumper sugar production and low...
More »Fewer hands to craft Durga idols in Kolkata, courtesy jobs scheme
The city's famous potters' colony of Kumartuli is facing an acute shortage of hands to sculpt Durga Puja idols. Behind this labour scarcity is an unlikely culprit - the rural jobs scheme which has induced hundreds to stay back in their villages. Costs of organising Durga Puja have gone up this year as more has to be shelled out on labour and raw material - in some cases jumping almost 50...
More »The Land Bank Ledger by Sugata Srinivasaraju
The Karnataka government is getting ready to host the Global Investors Meet (3- 4 June). A similar jamboree held some years ago, when S M Krishna was chief minister, had been a resounding flop, but this one, the government believes, would be a runaway success. There has been no dearth of publicity for the event in the media and there has been no shortage of roadshows on foreign soil. A...
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