-The Times of India Rural India is spending more on protein products such as milk, eggs and meat due to rising income as overall spending by Indians on protein foods doubled to Rs 2 lakh crore in 2009-10 from 2004-05, a study showed on Monday. The study by ratings agency CRISIL said that two-thirds of this spending came from rural households. But while more rural Indians are getting protein in their diets,...
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Monsoon rally sees near 100% rain in August -Amit Bhattacharya
-The Times of India The monsoon in August has beaten most expectations, including the India Meteorological Department's outlook of 96% rain for the month, by registering 99.6% of normal rainfall (till August 29). The rain rally, particularly impressive in north India, has raised hopes of a better than expected kharif crop output. The overall monsoon deficit now stands at 12%, considerably better than 19% when the month began. The northern states, which...
More »Panel to Decide Fate of 58 Coal Blocks
-PTI In the wake of controversies shrouding coal mines allocation, an inter-ministerial panel will decide next week the fate of 58 blocks which the private companies and PSUs failed to develop within allowed time. The government has already issued de-allocation notices to 35 government firms and 23 private companies which failed to develop the same allotted for captive use in the given time-frame. "An Inter-Ministerial Group, headed by Additional Secretary, Coal, Zohra Chatterji...
More »Diesel subsidies benefit the haves more than have-nots -Ramkrishna Kashelkar
-The Economic Times MUMBAI: Soaring diesel consumption by fleet owners, telecom companies to keep their towers running and malls to pamper their affluent customers is blowing up the theory that continuation of diesel subsidies is intended to help farmers and truckers in order to keep inflation low. Diesel consumption is growing at a rapid pace that is lining the pockets of the business community rather than the government's intention to help poor...
More »Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey
-The Economic Times The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest. The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall. The...
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