Owing to floods and incessant rains in northern India's Haryana, crops have been badly affected due to which the prices of the vegetables have gone up. Though the floods have receded in some parts of the area but large swathes of crops have been washed away. The wholesale rate for tomato has gone as high as Rs 40/kg, while the retail rate in some markets has reached Rs 60/kg. "Due to incessant rain...
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Food inflation goes up to 11.47%
Food inflation went up to 11.47 per cent for the week ended August 28, on the back of increase in prices of cereals, fruits and milk. This is the second consecutive week when food inflation has shown an upward trend, after a brief period of moderation in July and first half of August. Food inflation was 10.86 per cent during the previous week ending on August 21. On a yearly...
More »Indian trade unions strike against price rises
A 24-hour nationwide strike called by trade unions has caused major disruption in parts of India. The walkout was felt mostly in Tripura, Kerala and West Bengal states where the ruling Communists backed the action. Called to protest against price rises and alleged labour law violations, the action caused major disruption to air and road transport in those states. The coal, power, telecom, banking, insurance, defence, port, petroleum and construction sectors joined the...
More »Can we achieve 4% farm growth? by T Nanda Kumar
The prime minister, in his Independence Day address said: “I am happy that the growth rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We need to work harder so that we can increase the agricultural growth rate to 4% per annum” . Is it possible? If so how? The production shortage of wheat in India in 2006...
More »Calories, prices and incomes by Raghav Gaiha, Raghbendra Jha and Vani S Kulkarni
Various recent studies point to a puzzle. Despite rising incomes, there has been a sustained decline in per capita calorie intake. In an important contribution , A Deaton and J Dreze (‘ Food and Nutrition in India: Facts and Interpretations’ , Economic and Political Weekly, XLIV (7), 2009) offer a detailed analysis of the decline in calorie intake in 1983-2004 . Average calorie consumption was about 10% lower in rural...
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