A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
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Govt may increase MSP for rabi crops by 10% -Sandip Das
-The Financial Express Likely to give bonus of up to Rs 425 per quintal on pulses In a bid to boost production of pulses and oilseeds, the government is likely to announce 5 to 10% hike in minimum support price (MSP) for the rabi crops, including wheat, barley, gram, masur and mustard, for the 2016-17 season besides a bonus on pulses in the range of Rs 250 to Rs 425 per quintal. Sources...
More »Finally, some respite from dal shock -Prerna Sharma
-The Hindu Business Line Good rain, increased acreage and hike in minimum support prices likely to cool prices The Modi government has been struggling over the last two years to contain the unprecedented rise in the prices of pulses, the second-most important food item after cereals. In the interim, prices of tur have more than doubled, and near-doubled in the case of urad and chana. WPI prices for pulses increased 35.76 per...
More »Nationwide strike by trade unions today, essential services likely to be hit -Saubhadra Chatterji
-Hindustan Times New Delhi: Government transport in Haryana, Karnataka and Telangana, industrial areas in the National Capital region, hotels in Himachal Pradesh and banks and insurance offices across India may not function on Friday as central trade unions will hit the streets for a general strike. Last year, the trade union’s strike saw an estimated 15 crore workers take the day off. “This year we expect the figures to be higher,” said...
More »Minimum wage hiked to Rs. 350, but unions firm on strike plan
-The Hindu Bharatiya Mazdoor Sangh announces it will not take part in the strike. The Left affiliated central trade unions will go ahead with a nationwide strike on Friday, even as the Centre on Tuesday announced sops in a bid to placate them. The peace offering includes a hike in the minimum wage for unskilled non-agricultural workers in central public sector units from Rs. 246 to Rs. 350 a day and formation of...
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