Packaged sugar now costs Rs 46 a kilogram in the retail market and there are no signs of prices levelling off. With loose sugar also costing Rs 43-44 a kg, the poly-packed product is inexorably moving towards the Rs 50 a kg mark, with the government appearing helpless in containing the spiralling prices. The steady rise in sugar prices since the second half of last year is a consequence of...
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India’s food security challenge by Lux Lakshmanan
A solution to the pulses and edible oils crisis is entirely within reach. The state of India’s food security is worsening by the year. The cost of food items is increasing rapidly, making them unaffordable to a majority of the people. Added to these woes is the short supply of pulses and edible oils, which forces the Central government to import them. Pulses play a critical role in the diet of...
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...
More »Economy will recover by Arjun Sengupta
The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the Exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the Exports market affects only few sectors, such as textile and labour-intensive manufactures...
More »Aam admi finds dal-roti out of reach in UPA’s second innings by Gargi Parsai
More than the return of the United Progressive Alliance (UPA) government to power, the aam admi will remember the year 2009 for the back-breaking mehngai and the inability of the government to make dal-roti, sabzi and chini affordable for the masses. The unprecedented rise in the price of essential commodities, particularly pulses, sugar, milk and vegetables turned the year bitter for the aam admi. What was irksome for the people was...
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