-The Economic Times The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action. With food demand rising in step with the growing...
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After foodgrain, UPA plans to subsidise edible oil and pulses -Madhvi Sally
-The Economic Times NEW DELHI: After the ambitious food security law, the UPA government is preparing another populist scheme to expand the supply of subsidised edible oil and pulses through the countrywide network of ration shops in the next two to three months. "It will be the next major thing. We are working at the earliest. We propose that state governments purchase pulses and edible oil either through imports or locally. We...
More »Maharashtra govt to sell 30% cheaper veggies at 10 city centres
-The Times of India MUMBAI: Unable to prevent prices of vegetables and fruits from going through the roof, the state government is now promising their supply to Mumbaikars at reduced rates, a promise observers say needs to be taken with a pile of salt. Starting Monday, the government will-for the first time since 1999-sell vegetables and fruits at a price 30% lower than the current retail rate at select co-operative outlets...
More »New strategies needed as rapid urbanization threatens sustainable development - UN report
-The United Nations Without fresh ideas to address rapid urbanization, the number of people living in slums lacking access to basic infrastructure and services such as sanitation, electricity, and health care may skyrocket from one billion at present to three billion by 2050, the United Nations today reported. That wake up call is one of several alarm bells sounded in the UN World Economic and Social Survey 2013, which was launched today...
More »United States finds pesticide residue in basmati, exports plunge -Madhvi Sally
-The Economic Times NEW DELHI: Basmati rice exports to the US have plunged because many Indian firms are under an import alert by the US authorities, leading to a detailed scrutiny for pesticide residue in every grain being shipped out. This has raised costs, upset schedules and obstructed sales, prompting exporters to seek government intervention. In the first quarter of calendar year 2013, exports were down to 19,583 tonne. With 31 Indian...
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