-Live Mint The scheme represents Rs.2.3 trillion spent on wasteful rural consumption This week marked the eighth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the United Progressive Alliance (UPA) government's key rural intervention, launched in 200 districts initially in February 2006. To the extent that such populist schemes helped raise wages without raising productivity. They have contributed more to inflation than to rural wealth. Worse, such schemes have...
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Food prices fall for first time in three months –UN agency
-The United Nations Global food prices declined for the first time in three months as lower prices for cereals, sugars, oils and meat outstripped gains in dairy values, the United Nations Food and Agriculture Organization (FAO) reported today. The Rome-based agency said its Food Price Index averaged 203.4 points in January, which is 1.3 per cent below December and 4.4 per cent below January 2013. The Index measures monthly changes in international prices...
More »Vegetable prices may go up on short supply in Delhi, warn retailers -Shaswati Das
-The Hindustan Times New Delhi: Vegetable prices are likely to rise this week as wholesalers across the board have gone on strike protesting the Delhi government's decision to stop the 6% commission charged by distributors from farmers. Retailers in the city stated that even though they were selling at the previous rates on Monday, they would be forced to charge higher prices or not sell at all from Tuesday owing to the...
More »Last ditch attempt -Jitendra
-Down to Earth UPA gives sops under MGNREGS to attract rural voters ahead of elections WITH most of its recent schemes struggling, a desperate UPA government is pinning its hopes on Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to win votes in 2014 elections. The government is overhauling the employment scheme that helped it return to power in 2009 for a reason. It touches the lives of over 55 per cent...
More »Making agriculture remunerative -Ashok Gulati, Nidhi Satija & Bhavik Lukka
-The Financial Express Unless we get it right on the markets front, including opening up of exports, farmers cannot get their full due One of the key objectives of agricultural price policy in India is to ensure that agriculture remains a remunerative occupation so that farmers are incentivised to adopt modern technologies that help raise productivity and overall production of various crops in the country broadly in line with the emerging demand...
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