Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...
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Food, fuel and farms
The Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) have warned that farm commodity prices, especially foodgrains, may rise by as much as 40 per cent by the end of this decade. This warning must be taken seriously given its implications for food insecurity. FAO’s Agricultural Outlook 2010-2019 projects prices of wheat, coarse grains and dairy products rising by 15 to 40 per cent...
More »Weak monsoon over soybean areas by Ratnajyoti Dutta and Mayank Bhardwaj
Monsoon rains, which have entered the key soybean-growing areas, are likely to be weak in the next three days, weather officials said on Monday. But industry officials said sowing of soybean, the main summer-planted oilseed, would not be hit due to good soil moisture after recent pre-monsoon showers in the region. Weather officials said rains are likely to gather momentum from 25 June. “We expect monsoon flow to strengthen over central India from...
More »In Andhra's Nizamabad, all that glitters is turmeric by B Krishna Mohan
Turmeric has reaped gold in Andhra Pradesh's Nizamabad district. Turmeric farmers B Pedolla Chinnaya and Badam Maruthi are celebrating their new prosperity at the local auto dealer. While Mr Chinnaya has plumped for a Hyundai Santro, Mr Maruthi has used his cash bonanza on namesake Maruti Swift. Chinnaya and Maruthi belong to Ergatla village where each has about four acres of land. While Chinnaya has made Rs 9 lakh from 90 quintals...
More »Inflation in double digits, rate hike looks imminent
Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...
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