In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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Govt reviews cooking oil imports as Ukraine crisis disrupts supplies, prices shoot up -Amiti Sen and Prabhudutta Mishra
-The Hindu Business Line Goyal meets industry associations to assess demand-supply situation, alternative plans Representatives of India’s edible oil industry met Commerce and Food Minister Piyush Goyal on Friday to discuss ways to check the galloping prices of the cooking medium as disruption of supplies of sunflower oil due to the on-going Russia-Ukraine conflict threatens to make the situation worse. The meeting, called a day after the Union Food Secretary’s discussion with industry...
More »Russia-Ukraine crisis to push up fertiliser prices, govt subsidies
-IANS/ Business Standard India's agriculture sector is expected to face the heat from hostilities between Russia and Ukraine which are expected to push up prices and availability of Potash India's agriculture sector is expected to face the heCat from hostilities between Russia and Ukraine which are expected to push up prices and availability of -- Potash -- a key component used in the manufacturing of fertilisers. At present, Belarus and Russia are key...
More »Chhattisgarh farmers frustrated over black marketing of urea -Avdhesh Mallick
-Down to Earth Farmers in the state are not getting urea; if they are, it is at almost double the price Urea prices are skyrocketing in Chhattisgarh due to the government’s decisions these days. So bad is the situation that farmers are being forced to buy urea on the black market and then cultivate paddy at a higher cost and bear the losses. Due to this, farmers from Raipur, Mahasamund, Bilaspur and...
More »India signs deals to export 5.5 lakh tonnes of wheat as Asian nations look for supplies -Subramani Ra Mancombu
-The Hindu Business Line Shipments may top 30 lt by June; consignments will include new crop Indian wheat exporters have signed deals to export at least 5.5 lakh tonnes (lt) over the next couple of months as nations in South Asia, South-East Asia and West Asia are looking to New Delhi to meet their requirements for food and feed in view of the Ukraine-Russia crisis. “We have demand for Indian wheat from March-April....
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