-The Economic Times The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...
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Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »RBI warns of more inflationary pressures from poor rains, MSPs
-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...
More »Left parties begin sit-in for universal PDS-Aarti Dhar
-The Hindu Entire concept of APL and BPL population needs to be scrapped, says Karat The Left parties began here on Monday a five-day sit-in against price rise and to demand the right to food through a universal public distribution system (PDS). Addressing the participants, who had come from Haryana and Delhi, Communist Party of India (Marxist) general secretary Prakash Karat said the government’s thrust should be on giving people access to cheap...
More »Left Front begins stir for a better food security bill
-The Economic Times Ahead of the monsoon session of Parliament, the Left Front has upped the ante against the government over the food security bill, demanding a universal public distribution system and scrapping of Planning Commission's poverty estimates. CPM, CPI, RSP and All India Forward Bloc - kick-started a five-day sit-in protest at Jantar Mantar on Monday. Senior Left leaders, including CPM leaders Prakash Karat, Sitaram Yechury, Brinda Karat, Basudeb Acharia, CPI's AB...
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