-Frontline The inability to resolve pressing problems with respect to the production, distribution and availability of food is one of the important failures of the entire economic reform process. IN the fateful month of July 1991, when the devaluation of the Indian rupee presaged the introduction of a whole series of liberalising economic reforms, agriculture was very far from the minds of most policymakers and commentators. The immediate focus was on...
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Pizzas in Kerala get a 14.5% ‘fat tax’ topping -C Maya
-The Hindu State Budget takes aim at ‘junk food’ sold in branded outlets to promote healthy eating. THIRUVANANTHAPURAM: Kerala announced a 14.5 per cent “fat tax” on pizzas, burgers, sandwiches and tacos sold through branded outlets on Friday, in sync with the World Health Organization’s advocacy of using fiscal tools to promote healthy eating. Finance Minister T.M. Thomas Isaac might have upset some youth with his move, but doctors and several parents are...
More »Centre spends 22% more on MGNREGS in FY16 -Sanjeeb Mukherjee
-Business Standard The Centre's expenditure on the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2015-16 was around Rs 43,848 crore, 22 per cent more than the Rs 36,025.04 crore incurred in the previous financial year. However, a statement by the Rural Development Ministry said Rs 56,000 was incurred on the scheme in 2015-16, but of this Rs 12,152 crore was paid in 2016-17 as arrears. This payment would now have to...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »Rural demand: How much can the monsoon help? -Renu Kohli
-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...
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