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Sikkim bags 3 national awards at MG-NREGA Sammelan

Sikkim has become the only state to bag the national award in all three categories for exemplary work done under MG-NREGA during the recent Mahatma Gandhi NREGA Sammelan in New Delhi. The sammelan was held to commemorate the completion of the fifth year of the commencement of this programme and to give away awards to the best performing gram panchayats, district MGNREGA teams and NGOs by the Union Rural Development ministry. North...

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High food prices forcing Indians to cut other spending, says Nielsen

THE boom in demand for apparel and mobile phones may soon be over as Indians plan to spend less on fun and entertainment to deal with rising food prices, a Nielsen study says. Indian consumers are extremely cautious about rising food prices and a sizeable section may defer purchases by 6-12 months, says the latest Nielsen global consumer confidence index released on Monday. Some companies, including LG Electronics and Future Group, agreed...

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Treading The Fine Line by Prasad Sangameshwaran

It pays to keep away from private-public partnerships, especially if you plan to ‘only’ create awareness on a topic that complements the business you are in. Last week, foods giant Nestle was probably chewing hard on this thought. The company found itself in an uneasy position in India, when  it received unfavourable media coverage for a nutrition-awareness programme that Nestle India had launched in schools in association with universities such...

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Manmohan asks States to consider waiving local taxes

Prime Minister Manmohan Singh on Friday asked States to consider waiving mandi taxes, octroi and local taxes for taming inflation, which affected the poor “harder” and posed a serious threat to the country's growth momentum. He said much of the responsibility for checking price rise lay with the States. “Much of what needs to be done... lies in the domain of State governments... There seems to be a strong case for waiving...

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India Food Prices May Ease by Dilipp S Nag and Arpan Mukherjee

India's food prices are likely to ease, bringing down food inflation from stubbornly high levels, over the next two months as supplies of onions and other Vegetables are expected to pick up, industry officials said Thursday. The country's food inflation rate surged to more than 18% in December as Vegetable prices, particularly those of onions, spiked after unseasonal rain damaged crops. India's food inflation rate has slightly eased since then, but...

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