Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...
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EGoM may revise issue price for PDS sugar by Devika Banerji & Ajay Modi
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...
More »Who's Afraid Of Price Rise by Deepak Nayyar
Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...
More »The Early Kalidasa Syndrome by Utsa Patnaik
Our policymakers would rather let food grains rot than feed the poor. What explains the near-comatose lack of response to a long-brewing crisis of increasing hunger? The most valuable resource that a country has is its people. The poor are not a liability, but an asset; they are the producers of essential goods and services we use, they hold up the sky for us for a pittance of a reward. The...
More »Rural employment guarantee scheme: gaps in media coverage by S Viswanathan
“This Employment Guarantee Act is the most significant legislation of our times in many ways. For the first time, rural communities have been given not just a development programme but a regime of rights…The NREGA gives employment, gives income, gives a livelihood, and it gives a chance to live a life of self-respect and dignity.” — Prime Minister Manmohan Singh at the launch of NREGS The National Rural Employment Guarantee Scheme...
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