-The Indian Express After number fell from 2003 to 2014, UN data find trend reversed. Yet since 2014, global farm commodity prices have been falling. Here is why that has not stopped the rise in the number of hungry people A decade-long phenomenon of the number of undernourished people in the world falling between 2003 and 2014, both in absolute terms (from 961.5 million to 783.7 million) and relative to total...
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Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »Retail inflation at five-month high of 5% in June despite easing food prices
-PTI The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. Retail inflation rose to 5 per cent in June, a five-month high despite easing food prices, government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was in January...
More »India needs both price and income support for farmers -Soumya Kanti Ghosh and Debashis Padhi
-Livemint.com The concerns about the downsides of these schemes are overblown, and they could go some way in alleviating rural woes Since the Union Budget 2018-19, there has been a great deal of discussion in the public domain regarding the health of the rural sector. We believe that the rural sector needs some policy intervention, be it price support or income support. As a case in point, the agri gross domestic product...
More »Index NREGA wages to rural inflation: Rural development ministry -Subodh Ghildiyal
-The Times of India NEW DELHI: In a bid to ensure higher returns for labourers in MGNREGA, the Union rural development ministry has again asked the finance ministry to index the wages under the job guarantee scheme to Consumer Price Index (rural - CPI-R) in place of the current CPI (agricultural labourers - CPI-AL). The RD ministry has argued that CPI (R) better reflects the present consumption pattern among rural households unlike...
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