-PTI New Delhi: Rising prices of rice in the open market prompted households to reduce consumption and rely on ration shops to buy it at controlled rate, shows a government survey. According to the NSSO survey, Indian families consumed less rice in 2011-12 but their purchases of the commodity under Public Distribution System (PDS) doubled in villages and rose by 66 percent in cities. The monthly per capita rice consumption in villages was...
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Still smug about the high growth years? -Ashoak Upadhyay
-The Hindu Business Line Drop the euphoria for a moment - a third of India is seriously poor. And urban poverty has risen sharply The latest report on the number of poor Indians shows a third of the population living below the recalibrated poverty lines. C Rangarajan, a former governor of the Reserve Bank of India and former chairman of the Prime Minister's Economic Advisory Council, was asked to look into the matter...
More »Rangarajan defends poverty estimates
-PTI The expert group headed by the former PMEAC Chairman estimated that the number of poor in India was much higher in 2011-12 at 29.5 % of the population Defending his calculation that three out of 10 in India are poor, former PMEAC Chairman C Rangarajan on Monday said poverty numbers provided by him are not conservative estimates and they are at par with global standards. The expert group headed by Dr. Rangarajan...
More »Drought forever -Richard Mahapatra
-Down to Earth As June ends, the monsoon, it turns out, is deficient by 40 per cent. Despite the forecast of its revival in July, it is a concern for India's rainfed areas that account for significant foodgrain production and also host the largest number of farmers in the country. More than 100 districts are officially "chronic drought-affected" areas. Why have we not been able to drought-proof them? On June 28 Prime...
More »How Govt can fight food inflation -Tejinder Narang
-The Hindu Business Line Plus ça change, plus c'est la même chose (The more things change the more they remain the same ): A French proverb. In its earnest to tackle rising food inflation the new Government has taken a welcome initiative to delist fruits/ vegetables including onions (FVO) from the Agricultural Produce Marketing Committee (APMC) Act, while all other measures are as usual - short term of political expediency, repeated several...
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