Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....
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Unwarranted optimism by Jayati Ghosh
Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...
More »Lesser wheat acreage due to late sowing this season by Gargi Parsai
The government’s expectation of the rabi wheat crop making good the shortfall in the drought-affected kharif season has received a setback with a lower acreage in wheat, coarse cereals and oilseeds this season. The sowing of pulses, however, is 6.2 per cent higher than last year in the corresponding period. The sowing period ends around January 15. The sowing of rabi wheat, coarse cereals and oilseeds has fallen behind last year,...
More »Set back in sowing of rabi wheat, cereals by Gargi Parsai
The government’s expectation of the rabi wheat crop making good the shortfall in drought-affected kharif season received a set-back with a lower acreage in wheat, coarse cereals and oilseeds this season. Sowing of pulses, however, is 6.2 per cent higher than last year in the corresponding period. The sowing period ends around January 15. The sowing of rabi wheat, coarse cereals and oilseeds has fallen behind last year and this does not...
More »India wins slowdown battle; defeated by rising prices in ’09 by Chandra Shekhar and Rakesh Pathak
India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...
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