-NDTV Tamil Nadu Chief Minister J.Jayalalithaa has shot off yet another letter to the Prime Minister. In her latest communication, the AIADMK Chief has flagged concerns of farmers in the State over the "introduction of the Nutrient Based Subsidy Scheme (NBS) by the Government of India from the 1st April, 2010, coupled with an unreliable supply of fertilizers" that she feels is "threatening to deprive our farmers of their basic means...
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Price spike inflates worry
-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise Urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...
More »Move to raise income cap for OBC benefits deferred
-The Hindustan Times The Union Cabinet has deferred the decision to raise the income ceiling to avail of OBC quota benefits in jobs and education. The ministry of social justice and empowerment's proposal to increase the ceiling from present Rs. 4.5 lakh to Rs. 6 lakh could not be approved due to demand from a section of ministers to further raise the limit. According to sources, a few OBC ministers opined the...
More »Higher prices likely to cut fertiliser demand 10-15 %-Rituraj Tiwari
-The Economic Times Rising fertiliser prices may lead to a drop in demand by 10-15 % this kharif season. The impact will be more on diammonium phosphate (DAP) whose prices are likely to double over last season. DAP prices have gone up from Rs 12,000 a tonne last kharif to over Rs 18,000 a tonne and are likely to be revised to Rs 24,000 within a couple of weeks. "Yes, there are...
More »Rural purchasing power waning on inflation, rising input costs-Heena Khan
But non-farm income keeps economy afloat New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...
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