-The Economic Times Farm sector has sought reforms in supply chain infrastructure, rationalisation of subsidies, decentralised handling of foodgrain, and higher resources to farm productivity and ensure food security. Presenting its pre-budget wish list to the Finance Minister Pranab Mukherjee, a delegation of farmers and sector experts said there was a need to boost investment in farm sector to tackle food inflation. Farm sector growth is likely to be 3-3.5% in 11th...
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Minimum wage war: Centre forgoes safe stance in SC appeal
-The Times of India The states would milk the Centre by arbitrarily hiking their 'minimum wages' if workers in the job guarantee scheme were to be paid by the "minimum wages Act", the Centre cautioned while appealing against a court order quashing power to fix remuneration under MGNREGA. Union rural development ministry has sought revision of the Karnataka high court order giving in to the finance ministry's pressure despite the fear...
More »The Circus is in Town
-EPW Bereft of any meaningful vision, political parties have reduced politics to gladiatorial contests. Much was promised of the Lokpal Bill in the winter session of Parliament. While a toothless bill was indeed passed by the Lok Sabha, the United Progressive Alliance (UPA) was unable to have even this endorsed in the Rajya Sabha on the last day of the session. Did this have to do with the inability of the UPA...
More »Record grain output in 2011 facilitates Bill
-PTI The agriculture sector performed exceedingly well in 2011, with record grain production of over 240 million tonnes giving enough leeway for the government to lift a ban on exports of wheat and non-basmati rice and introduce the food security bill in Parliament. Farmers’ long-standing demand for crop loans at a 4% rate of interest was met during the year, although with a rider that the facility would be available to...
More »FDI in multi-brand retail still on govt’s mind: FM
-The Times of India Finance minister Pranab Mukherjee said on Friday that opening up of the multi-brand retail sector to foreign investment was still on the "mind of the government" and it would be pursued once consensus emerged among political parties and other stakeholders. Mukherjee blamed lack of consensus among political parties for the government's inability to implement the reform measure but said it did not reflect the lack of intention or...
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