-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier Food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...
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After fertilisers, Centre wants Food subsidy to directly benefit farmers -Harikishan Sharma & Anju Agnihotri Chaba
-The Indian Express In Odisha, procurement of paddy during the ongoing 2019-20 Kharif Marketing Season (KMS) is, for the first time, being done from registered farmers only after Aadhaar-based biometric authentication. FIRST IT was fertilisers, where the NDA government made disbursal of subsidy conditional upon actual sales to farmers getting registered on PoS (Point of Sale) machines in retail outlets. That reform measure — to ensure that the benefit of minimum support...
More »Sustainable SRI and Rice Production: Learnings from an Irrigated Agriculture Management Project in Tamil Nadu -Vibhu Nayar. VK Ravichandran, BC Barah and Norman Uphoff
-Economic and Political Weekly In Tamil Nadu, the extreme variation in rainfall had reduced the availability of water to agriculture and caused the groundwater table to fall by 37%. The production of rice, an important crop, had became particularly precarious. A well-designed upscaling strategy boosted and sustained the production of rice; it also helped the build-up of organic matter and improved soil fertility. This experience shows that the System of Rice...
More »Retail inflation rose to 7.35% in December -- the highest since July 2014
-Scroll.in The figures breached the tolerance band of the Reserve Bank of India’s Monetary Policy Committee Retail inflation rose to 7.35% in December from 5.54% the month before, government data showed on Monday. The rate of inflation exceeded the tolerance band of the Reserve Bank of India’s Monetary Policy Committee, Bloomberg reported. At the current level, retail inflation is at its highest since July 2014. Inflation was pushed up by a rise in...
More »Govt set for 20% cut in wasteful expenses -Harikishan Sharma
-The Indian Express “All ministries have been directed to reduce wasteful expenditure on travel, Food and conferences by 20 percent. The CCIG has asked the Department of Expenditure, Ministry of Finance, to take necessary action in this regard,” a source told The Sunday Express. In an austerity move, the Union government has decided to reduce wasteful expenditure on items such as travel and Food by 20 percent, it is learnt. A decision of...
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