-The Times of India Direct transfer of benefits in Cash to targeted beneficiaries of food and fertilizer subsidies could save an estimated Rs 60,000 cr and help trim the fiscal deficit which, in turn, may calm stubbornly high food inflation, a study by a government wing has shown. The study showed that policies to rein in food inflation would require winding down of the fiscal deficit, which has gone above 8% of...
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Sticky food inflation a combination of fiscal indiscipline, rural wages, global factors -Sanjeeb Mukherjee
-The Business Standard Ashok Gulati in a paper also gave measures to contain the inflation As India's food inflation continues to remain stubbornly high - it was in double digit for the third straight month in February 2013 at 11.38% - a discussion paper floated by eminent agriculture economist and chairman of Commission for Agriculture Costs and Prices (CACP) Ashok Gulati has blamed high fiscal deficit, rising farm wages and global food...
More »Agent's apple growers don't get fruit of labour-Sandeep Pai
-DNA You may be cursing when you pay a high price for Kashmiri apples, wondering what share of the moneyorchard owners would receive. But in reality, the apple growers wouldn't be even knowing the price at which the fruit is sold in the mainland, leave alone reaping profits. Then, where does the money go? Into the pockets of commission agents, who, sitting in Delhi or any of the major cities, exploit and...
More »Punjab facing stagnancy in agriculture: State's Economic Survey-Vijay C Roy
-The Business Standard According to Economic Survey of the state, contribution of primary sector in the GDP of state is continuously declining since 2004-05 Having distinction of being the pioneer of Green Revolution, Punjab is facing stagnancy in agriculture production and constant decline in primary sector's share in state GSDP. According to Economic Survey of the state, contribution of primary sector(which comprises mainly agriculture and allied activities) in the GDP of state...
More »Jairam alleges road building scam in UP-Kavita Chowdhury
-The Business Standard Demands CBI inquiry into Rs 2.4 crore road construction scam Union Rural Development Minister Jairam Ramesh has scolded the Akhilesh Yadav-led Samajwadi Party government in Uttar Pradesh over an alleged Rs 2.4 crore fund embezzlement under the Pradhan Mantri Grameen Sadak Yojana (PMGSY) in the state. He has asked for an inquiry by the Central Bureau of Investigation (CBI). The issue pertains to construction of five roads in Sultanpur district,...
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