The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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Not such a straight poverty line-R Ramakumar
-The Hindu There is absolutely no methodological relationship between the Tendulkar poverty line and the one dollar poverty line. Mihir Shah has defended the poverty line recommended by the Suresh Tendulkar Committee in 2009 in his article in The Hindu (editorial page, "Understanding the Poverty Line", August 5, 2013). Mr. Shah makes two claims. First, he argues that "Tendulkar [...] computed poverty lines for 2004-05 at a level that was equivalent, in...
More »Bonded Labour System still a reality -Urmi A Goswami
-The Economic Times NEW DELHI: After losing her husband to an illness, Jeyanthi (name changed) was forced to step in as the bread earner for her six young children. With no education, work was hard to come by for her, and existence was at bare subsistence levels. Jeyanthi got by, working as a casual labourer; and as her sons became older, they too pitched in. Life was to take a nastier...
More »Narendra Modi, Shivraj Singh Chouhan have failed tribals-Kantilal Bhuria
-The Economic Times Recently, we were witness to a noisy spat between economists Amartya Sen and Jagdish Bhagwati. Some commentators linked this to a Congress-versus-BJP fight over development models. Sen, the advocate of investment in education, health and nutrition as necessary for economic growth, was presumed to speak for the Congress. Bhagwati, the proponent of growthfirst model, was seen to be batting for the BJP. Indeed, Bhagwati has cited Gujarat as...
More »UPA may miss highway building target in poll year -Dipak Kumar Dash
-The Times of India NEW DELHI: UPA is likely to miss the target of constructing 20 km of highway per day during the election year, with the latest road transport and highways ministry data showing just 1,183 km has been constructed in the first quarter of the current fiscal. At the current pace, the per day construction is little over 13.14 km as against 15.7 km in 2012. During 2012-13, 5,732 km...
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