Ranchi: It was a budget aimed at sweetening the bitter price rise pill. From cutting down VAT on Diesel, sweets and ice- cream to making foodgrains available at Re 1 per kg for the poor, deputy chief minister Raghubar Das today presented an annual budget which focused on rural development, food security and social welfare. Chanting the “inclusive growth” mantra, Das, the BJP face in the Shibu Soren government, showed...
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Food inflation rises to 17.87%
Food inflation rose marginally to 17.87% for the week ended February 20 on the back of higher prices of milk, wheat, rice and vegetables. The figure in the previous week was at 17.58%. On an annual basis, price of rice increased 10%, wheat 14%, pulses 35%, onions 11% and potatoes 28%. Inflation in fuel, power light and lubricant group was 9.59%, slightly lower than 9.89% in the previous week. However,...
More »Scan on need for GM food
Environmental groups have questioned assertions by sections of scientists and the biotechnology industry that genetically-modified (GM) food crops could play a crucial role in ensuring food security. More than 180 GM plants have so far been field tested in several countries, but few have progressed to the stage where commercial seed is available to farmers, the non-government environmental network called Friends of the Earth (FoE) has said. “GM crops are...
More »Survey hints at subsidy regime for curbing poverty by Ashok Dasgupta
With the government successfully managing to partially lighten its burden by switching over to a nutrient-based subsidy scheme for fertilizers, the Economic Survey has now raised questions on the impact that food, fertilizer, kerosene and Diesel subsidies have on poverty eradication. Instead, it has pitched for direct subsidy to the poor instead of price control, ostensibly to reduce diversion to the open market, leakage and adulteration. “The impact of these [food, fertilizer,...
More »Focus on farm growth, food security bill by Gargi Parsai
Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...
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