-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...
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Food Corporation of India is prepared to implement Food Security Law: KV Thomas -Sutanuka Ghosal
-The Economic Times KOLKATA: In the wake of the just-enacted National Food Security Act, the Union Minister for Food and Public Distribution, Prof KV Thomas recently reviewed the operations of Food Corporation of India (FCI), especially from the point of view of its preparedness for implementing the law. Expressing satisfaction after the review, Prof. Thomas said the FCI had been undertaking various steps in the last one year towards increasing the storage...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Arun Maira slams Food Security Ordinance as unsustainable -Yogima Seth Sharma
-The Economic Times NEW DELHI: Planning Commission member Arun Maira has lashed out at the government's Food Security Bill, saying that such a form of inclusion is not sustainable as it will have a big effect on fiscal deficit in coming years. "The government needs to change its orientation towards inclusion if we want a more inclusive, more sustainable and faster growth. If inclusion is to give hand-outs to those, who...
More »South tops in bank access; Maharashtra, Gujarat below national average
-The Times of India NEW DELHI: Southern states have emerged on top on financial inclusion parameters, while the East and some of the developed states of the West - including Gujarat and Maharashtra - are below the national average. A new index on financial inclusion released by ratings and analytics firm CRISIL on Tuesday showed that Puducherry topped the list, followed by Chandigarh and Kerala. In fact, most of the top slots...
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