-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
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Food and consumer affairs ministry to curb speculation in futures trading-Rituraj Tiwari
-The Economic Times The food and consumer affairs ministry plans stern action to curb any speculative trading of grains in the futures market after an emergency meeting slated for later this week to review the price situation. Food and consumer affairs minister KV Thomas is taking a daily stock of prices as the country grapples with a below- normal monsoon. "After reviewing the situation in the futures market, we will send the...
More »KV Thomas, Union minister for consumer affairs, food and public distribution interviewed by Nitin Sethi
Union minister for consumer affairs, food and public distribution KV Thomas tells Nitin Sethi that it makes better sense to distribute stocked foodgrain to people of the country than subsidise exports. Possible spread of drought that the government is looking at... At the moment, monsoon rainfall is 23% below the long term average. But we have to wait another 15 days to know the full situation. We had discussion in the presence...
More »The perils of retail therapy in India
-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...
More »National Food Security Bill marks a paradigm shift to ensure food for all, claims Thomas
-ANI Food Minister K.V. Thomas on Wednesday said that the proposed National Food Security Bill marks a paradigm shift in addressing the problem of food security - from it being viewed as a welfare approach to a right-based approach. Launching the bulletin on food justice in India brought out by the Oxfam India, the institute of development studies and the centre for legislative research and advocacy here, Thomas said: "The Act seeks...
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