Pawar announces mega plans for mechanisation in 12th Plan Faced with farm labour shortage following the introduction of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Agriculture Minister Sharad Pawar on Wednesday announced mega plans for mechanisation in the 12th Five-Year Plan. “With the successful implementation of the MGNREGS and other anti-poverty programmes, there is now pressure on the availability of farm labour,” Mr. Pawar told senior journalists at the Economic...

-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

-The Business Standard   After lingering tantalisingly close to 10 per cent for about a month-and-a-half, food inflation climbed to double digits for the week ended October 8, signalling that Reserve Bank of India (RBI) may continue with its tight monetary stance in its policy review later this month despite the economy showing signs of a slowdown in growth. As protein-based items turned dearer, wholesale price-based annual food inflation rose by a whopping...

For once, it is a happy farewell to the monsoon. An indulgent rain god, who overstayed for a week to compensate two successive years of drought in Jharkhand, today departed with the golden promise of a bumper winter yield. Weathermen at the Patna Meteorological Office confirmed that the monsoon trough had become weak after October 11, but faded away only today. “The rains have officially withdrawn from Jharkhand. But several parts of...

-The Hindustan Times   Do these people look well-off to you? The planning commission puts them above poverty line. Basant Kumar, 51  Shopkeeper  Kusumpur Pahari slum,  Vasant Vihar, Delhi Daily expense: Rs 53   Basant Kumar runs a little shop in a slum in Vasant Vihar, home to over two lakh migrant families. He feeds and clothes his wife and three children on his meagre earnings of Rs5,000 a month. He also works odd-jobs, in construction or with...