-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...
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Chemists will have to mention in bill whether drug is price controlled -Sushmi Dey
-The Times of India NEW DELHI: In an attempt to empower consumers and save them from paying more for medicines, the government is set to make it mandatory for chemists to mention in the bill whether they are selling a price-controlled product or not. Besides, the bill will also mention the price of the medicine as capped by the government. The move will enable a consumer to make an informed choice while...
More »Not measure for measure -Uday Balakrishnan
-The Hindu With a plethora of government departments and international organisations putting out so much statistical data in the public space, often contradicting one another, it is the government's duty to clear the air with up-to-date and coherent statistical data linking social and economic indicators Purchasing Power Parity or PPP has validated a long held surmise that the poorer countries are not as badly off as they are made out to be...
More »India’s two-speed demography -Prachi Priya & Anuj Agarwal
-The Financial Express With 66% of its population under the age of 35, India is home to the largest cohort of young people in the world-825 million. The median age of the country is just 27 years, much below 37 in the US and 46 in Japan. Numbers like these suggest that India has a competitive advantage over China and other Asian countries-a demographic dividend. But favourable demographics do not imply that...
More »Vegetable prices soar again in Delhi; bad crop, exports to Pakistan blamed
-The Times of India NEW DELHI/AMRITSAR: Vegetable prices have begun to hurt again, ahead of elections in the capital. The reasons attributed for the spike in prices this time are reduced supplies due to unseasonal rainfall and exports to Pakistan. Retailers in the capital say vegetable prices started rising around 10 days ago. On Monday, tomatoes were selling for Rs 40-50 per kg, around 10-20% higher than just two weeks ago. "Production this...
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