-Business Standard The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal Earlier this month, the Central government said in a reply in Parliament that it has taken several measures to double farmers’ income by 2022 and that the progress made so far indicates that it is ‘on the right track’. However, a closer...
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On the wheat trail: State granaries under strain, private traders make hay -Sandip Das
-Financial Express Crop loss, lower procurement to deplete FCI stocks; local supplies may suffice for PDS, free-ration schemes At Punjab’s Rajpura mandi, private traders are busy buying the wheat crop brought in by farmers at marginally above the minimum support price (MSP). Traders have been super-active in the mandi, one of the largest centres of wheat trade in the country, and their daily purchases often exceed the official procurement by the state-run...
More »2 Crore Women in India Quit Workforce in 2017-22
-Newsclick.in More than 50% of Indians of legal working age don’t want a job due to the lack of suitable employment: CMIE More than 50% of the 90 crore Indians of legal working age, particularly women, don’t want a job due to increasing frustration of not finding the right kind of employment. The shocking data was reported by the Centre for Monitoring Indian economy (CMIE), a private research firm in Mumbai. Between 2017...
More »Indonesia ban on palm oil exports starting April 28 rattles Indian markets -Sanjeeb Mukherjee
-Business Standard/ Agencies The country meets almost 45% of India's annual palm oil demand; media reports say ban put in place to check soaring domestic prices of the commodity In what could have a devastating impact on edible oil prices and supplies in India, Indonesia, which is the world’s largest producer of palm oil and meets nearly 45 per cent of the total palm oil supplied into India annually, has decided to...
More »The Hard Grind: Wheat inflation becoming hard to stomach for Indian households -Siddharth Upasani
-Moneycontrol.com India was supposed to be largely insulated from the war between Russia and Ukraine as far as prices of food items were concerned. However, there are signs that the conflict in Europe is adding to Indians' wheat bill. On April 18, data from the commerce ministry showed India's Wholesale Price Index (WPI) inflation unexpectedly rose to a four-month high of 14.55 percent in March. And while energy and metals led the...
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