Onion hubs were raided across the country today and officials claimed prices tumbled Rs 5-10 as a result of the income-tax department’s action a day after the Centre urged states to counter hoarding. Calcutta’s Sealdah wholesale mart and Asansol were among the places in Bengal that saw the swoops. Similar action was seen in several towns in Uttar Pradesh, Punjab, Bihar, Jharkhand, Maharashtra and Gujarat. Finance minister Pranab Mukherjee had written to...
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A yawning gap by Sanjeeb Mukherjee
From the time a farmer in India harvests his produce to the time it lands on your plate, farm products go through several layers of middlemen, wholesalers, Cold Chains and other intermediaries, which push its price up by many notches. The end result: growers get paid less and consumers pay more. The stranglehold that the government has over agriculture produce marketing in India has given rise to abject inefficiencies, lack...
More »Buddhaism:Invest in Bengal but run slow; turn to agri
Want to invest in West Bengal? Try agriculture—that was the message from chief minister Buddhadeb Bhattacharjee to captains of industry at a CII National Council meeting here on Wednesday. At a roundtable with industry heads, including ITC chairman YC Deveshwar, Godrej Group chairman Adi Godrej and Pepsico India chairman Sanjeev Chadha, the Bengal chief minister shed his aggressive stance on industry, visible in the run-up to Singur, and said corporates...
More »Govt role must in land buys: Basu
Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...
More »Enhanced FDI in retail will transform rural economy by Sujay Mehdudia
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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