From next year, atta,bread,biscuits ,snacks and everything made from maida and sooji will become seriously more expensive. Even after a bumper crop, there just won't be enoughwheat for us. ET helps you join the dots. The trigger for wheat inflation that will hit each one of us is the Food Security Act, which kickstarts next year. The Food Corporation of India (FCI) will need substantially more wheat to supply three...
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Tea firms see losses ahead as workers strike by Manish Basu
Two of India’s biggest tea companies, Goodricke Group Ltd and Duncans Industries Ltd, said they may plunge into losses as workers, backed by key political parties, agitate for more pay. The labour unions reject this contention. The two companies are the main plantation owners in West Bengal’s Dooars region and do not have too many gardens elsewhere. Between them they produce about 34 million kg of tea a year; Goodricke is...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Thousands then, four now: Akhil power play on
-The Times of India Krishak Mukti Sangram Samiti (KMSS) general secretary Akhil Gogoi is known for drawing huge crowds in his demonstration programmes. But on Monday, when the RTI activist launched an indefinite sit-in stir against the recent hike in electricity tariff, he had only three men and a woman by his side. Is people's support for his campaign on social issues on the decline? Akhil reacts instantly. "The government...
More »PDS: Reform or Reject? by Rukmini Shrinivasan
Some interesting findings emerging on the Public Distribution System. A recent study of 100 villages in nine states says that leakages in the Public Distribution System are being plugged and diversion of grain has reduced, except in Bihar. The bad news, the researchers say, is that there are serious deficiencies in the BPL list. The study was conducted in 106 randomly selected villages in two districts each of Andhra Pradesh, Bihar, Chhattisgarh,...
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