-The Business Standard Skimmed Milk powder 'buffer' might raise prices The government’s proposal that a buffer stock of skimmed Milk powder (SMP) be created in order to minimise volatility in Milk prices is so unsound a proposition that it should be shelved. The proposal, sent to the inter-ministerial group on inflation by the food ministry, involves keeping a reserve stock of SMP with Milk-processing units by offering them a handsome subsidy. The...
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FDI in retail must be measured by benefits for consumer & economy, not just for farmers
-The Economic Times The recent decision of the government to allow FDI in multi-brand retail trade has attracted heated debate and emotive reactions. Though the main consideration for allowing FDI in retail is not its benefit for farm sector, the debate has predominantly focused on threats and benefits to the country's farmers and the farm sector. Interestingly, the main stakeholders, i.e., farmers, have not reacted much to the policy decision and...
More »Economic prosperity fuelling food inflation: Raghuram Rajan
-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...
More »A claim to shame -Sitaram Yechury
-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...
More »72% of Indian urbanites heart-unhealthy
-The Times of India MUMBAI: Good cholesterol spells bad news for Mumbaikars. A new survey analyzing risk factors for heart diseases among Indians shows that 54% of Mumbaikars over 30 have low levels of good cholesterol, better known as HDL. Since HDL draws out the body's excess fatty cholesterol molecules and ejects them through the liver, Mumbaikars have a reason to worry. But it isn't only Mumbai. The survey found that across...
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