-The Financial Express The minimum that the govt can do is to remove all restrictions on a free market for pulses Last year, roughly at this time, the price of tur dal (pigeon pea) in the retail market was hovering around R180/kg. Prices of other pulses were not far behind. They were all spiraling up due to back-to-back droughts during 2014-15 and 2015-16. Production of all pulses had plunged to 16.5 million...
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Agriculture: Here's why farmers are in trouble despite high pulse procurement
-The Financial Express Given the likely 22 million tonne production of pulses this year, up more than a third compared to last year, it is not surprising prices have crashed. In the case of tur, for instance, retail prices are down from R118 per kg in Delhi on October 1, 2016 to R89 on March 1. As a result of the surge in pulses inflation last year, rabi sowing increased by...
More »What you can do with Re 1 in India -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre has raised wages under the rural job guarantee scheme - by the princely sum of one rupee a day in many states. The increase is the lowest in the 11-year history of the Mahatma Gandhi National Rural Employment Guarantee Act, and leaves its wage rates in 11 states stuck far below their minimum wages, set by the state governments. The eastern states are the worst hit. As...
More »retail inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
More »Plight of the migrants: Jobless labourers return home after demonetisation
-Hindustan Times Plight of the migrants: Jobless labourers return home after demonetisation Twenty-three-year-old Avinash Kumar is planning to postpone his sister’s marriage. The money he had saved, working at a sweatshop in New Delhi’s Mongolpuri, is all but gone. Kumar lost his job in about two weeks from the time Prime Minister Narendra Modi announced a ban on Rs 500 and Rs 1,000 notes, in a move that he termed as the biggest-ever...
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