-The Economic Times State levies on grain purchase by the Food Corporation of India (FCI) will reportedly push up the Centre's food subsidy bill by Rs 10,000 crore this fiscal year. This is absurd and untenable. High taxes and commissions - 14.5% in Punjab and 10.5% in Haryana - on the minimum support price (MSP) of grain jack up the costs of procurement, drive private trade out of these markets, and set...
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Monsoon to go into a lull, eroding gains of last ten days-P Sunderarajan
-The Hindu After giving relatively good rains over large parts of the country over the past ten days, the south-west monsoon is all set to go into a lull for at least the next four to five days. Speaking to The Hindu , Director General of India Meteorological Department, L.S. Rathore said, “The axis of the monsoon is shifting close to the foothills of the Himalayas. Consequently, rains would be confined mainly...
More »Unemployment lowest in Gujarat, highest in Goa-Rukmini Shrinivasan
-The Times of India India's official unemployment rate was 3.8% for the last year and higher for urban than rural areas according to statistics released by the Labour Bureau on Tuesday. Goa, Kerala Bihar and West Bengal were among the states with high unemployment while Gujarat, Chhattisgarh, Rajasthan and Punjab were among the states with low unemployment. The 'Second Annual Employment and Unemployment Survey 2011-12', conducted by the Union Ministry of Labour...
More »Sowing gets boost as monsoon covers central, northwest India
-The Economic Times The monsoon has covered the key farming regions of central and northwestern parts of the country, giving a boost to sowing. However, the coarse grainproducing areas of western Rajasthan and Gujarat are yet to get any rain spell. "The monsoon is progressing well. There are chances that rains will be good in July, allaying fears of a major crop loss. The July rain this time is likely to be...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
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