-The Financial Express Bhim can't understand what he's done wrong. Before dawn every day he joins hundreds of wholesale traders at Delhi's Azadpur Mandi, a sprawling, chaotic market where trucks blare Bollywood music, porters haul huge brown sacks of fruit and vegetables and hawkers ply tea and cigarettes. His own trade is in rosy red apples, laced with calcium carbide. Bhim says he's been adding chemicals to his apples for years to artificially ripen...
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A crisis ignored by CP Chandrasekhar
The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...
More »Rural India loses steam: Demand for tractors, agriculture machinery, durables decline as income falls, prices rise
-The Economic Times In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative: Selling fresh vegetables on a push cart to residents of his hometown Nalanda. Putting together whatever money he had, Kaushalendra began the venture in 2008 and soon started doing well. People didn't mind paying a little more if they saw value in...
More »Govt approves centre for cold chain development
-PTI The government on Thursday approved setting up of a national centre for cold chain development and allocated a one-time grant of Rs 25 crore for its corpus fund. The decision comes in the wake of post harvest losses to the tune of Rs 50,000 crore annually in absence of proper storage facilities. "The Union Cabinet today gave its ex-post facto approval for registering National Centre for Cold Chain Development (NCCD) as a...
More »Looming disaster by Neeta Deshpande
Handloom weavers in Andhra Pradesh are in a crisis brought on by policy blindness and the emphasis on powerlooms. WHEN P. Pulliah, a weaver in the traditional cotton handloom centre of Chirala in Prakasam district of Andhra Pradesh, describes the sarees he crafts, thread by delicate thread, his face lights up with joy. He animatedly explains that the sarees have a border on both sides. And they are fully embellished, he...
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