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25 years on, not many consumers aware of their rights

-The Hindu   Consumer Protection Act exists since 1986 In the 25th year of enactment of the Consumer Protection Act (COPRA), 1986, in the country, a majority of the population in Rajasthan has not even heard about the law, not to speak of making use of its provisions to protect their rights as consumers. A recent field research survey indicated that 63 per cent of the people in the State have not heard of...

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Subsidy Bill will damage govt’s finances: Sharad Pawar

-The Economic Times   The increase in India's food subsidy bill after the introduction of the Food Security Act, which will guarantee subsidised grains to a large section of population, could damage the country's financial health, agriculture minister Sharad Pawar said here on Wednesday.  The situation is worrying even now, the minister said at the Economic Editors Conference here. "The issue price of grains for ration shops has not been changed for last...

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Dealing with grain glut

-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

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Seasonal variations in food prices dropped: RBI study

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

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Centre May Match NREGA Payouts With Minimum Wages in States by Devika Banerji

The Centre is likely to raise remuneration under its rural job guarantee scheme and align it with the notified minimum wages of states following a court order last month.  Millions of workers enrolled under the government’s Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are entitled . 100 a day for a minimum of 100 days of work in a year. Despite the wage now being linked to the consumer price...

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