-Livemint.com What will happen to the PMGKAY beyond December 2022? It cannot continue indefinitely in its present form. At a time when central banks all over the world are into a round robin of interest rates hikes, in a context of impending recession in several major world economies, an unending war, and uncertainty about energy availability and pricing going into the northern hemisphere winter, the only cheering news was India’s further extension...
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Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan
-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...
More »Amid dollar crunch, Pakistani importers head towards grey market for transaction
-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....
More »World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
-Asian News International/ NDTV.com Sri Lanka Economic Crisis: This comes as food price inflation remains at a multiyear high in South Asian countries including Pakistan. Colombo: Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment. In its Food Security update, the World Bank said trade policy actions on food and fertilizers have surged since the beginning of...
More »Bengal NREGA workers face food security crisis -Soumyadip Mullick
-The Statesman The central government needs to clear pending funds, worth Rs 2,600 crore, and as per the MGNREGA Act, pay compensation of 0.05 per cent on daily wages. With the alleged lack of jobs and wages for MGNREGA workers in three districts of West Bengal, the Paschim Banga Khet Mazdoor Samity (PBKMS), based on the report of a fact-finding committee, has warned that these workers are facing an acute food security...
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