-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
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Food Bill gets Presidential assent
-PTI The landmark Food Security Bill, aimed at giving a legal right on highly subsidised foodgrains to 67 per cent of the country's population, on Thursday received the President's nod. "We have received the Presidential assent to the Food Security bill," Food Minister K.V. Thomas told PTI. The law will soon be notified in the Government gazette, after which it will come into effect, he added. The Centre has convened a meeting of...
More »PM Manmohan Singh promises help to states for improving farm production
-PTI NEW DELHI: Flagging the challenge of raising foodgrain production, Prime Minister Manmohan Singh today promised all assistance to states for improving agricultural growth. "It's a challenging job to increase production of foodgrains and other crops for the growing population of the country, especially, because agriculture is still dependent on monsoon in large parts of the country," he said, addressing a gathering of farmers, who arrived here as part of a nationwide...
More »CCEA approves additional allocation of 50 lakh tonnes of foodgrains for BPL familes in FY14 -Sutanuka Ghosal
-The Economic Times KOLKATA: The Cabinet Committee on Economic Affairs ( CCEA) has approved the additional allocation of 50 lakh tonne of foodgrains for the Below Poverty Line (BPL) families at BPL prices during the current financial year. This additional allocation of 50 lakh tonne will remain valid for lifting upto 31st March, 2014 or till the National Food Security Ordinance is implemented in the respective State/UT Governments. Earlier this year also a...
More »Complaints mount over implementation of BPL rice scheme
-The Hindu Beneficiaries say fair price outlets are overcharging, not supplying stipulated amount Bangalore: Even as every Below Poverty Line (BPL) family is assured of rice at Re. 1 a kg for a maximum of 30 kg, charging more than the fixed price and distributing less than the stipulated quantity are common complaints across the State. When The Hindu visited a fair price shop at Salagame in Hassan district, about 9 km from...
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