-CNN-IBN The Centre is considering a partial rollback of the cap on subsidised LPG. It is considering raising the limit on the number of subsidised LPG cylinders from six to ten cylinders per household per year, say sources. A section of the Congress and its allies - the Trinamool Congress, NCP and DMK have been demanding a rollback of the cap on LPG cylinders. Sources say Finance Minister P Chidambaram and Petroleum Minister...
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Food and consumer affairs ministry to curb speculation in futures trading-Rituraj Tiwari
-The Economic Times The food and consumer affairs ministry plans stern action to curb any speculative trading of grains in the futures market after an emergency meeting slated for later this week to review the price situation. Food and consumer affairs minister KV Thomas is taking a daily stock of prices as the country grapples with a below- normal monsoon. "After reviewing the situation in the futures market, we will send the...
More »Will rains boost the slowing Indian economy?
-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...
More »Village residents in Kadur taluk join hands to settle water disputes-Sathish GT
Elders devise a system to share water among arecanut farmers Disputes over sharing of water from Bukkarayanakere were common among arecanut growers in Doddabukkasagar of Kadur taluk until around 40 years ago. A few senior citizens came together in the early 1970s and decided to resolve them forever by devising a new system, according to which water is released periodically to all farmers. Now, disputes over water are unheard of in the...
More »Govt defers decision on pension reforms bill
-PTI Amid differences among allies, the government on Thursday deferred a decision on the changes in the crucial Pension Fund Regulatory and Development Authority Bill, 2011. "It (the PFRDA Bill) was taken up and deferred", said a minister after the Cabinet meeting here. Among the UPA allies, Trinamool Congress has been quite vociferous in opposing the pension and insurance reforms. Railway minister Mukul Roy, who represents TMC in the UPA government, did not speak...
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