-The Hindu Medicines remain overpriced and unaffordable in India. In a country mired in poverty, medical debt remains the second biggest factor for keeping millions in poverty. The international pharmaceutical industry has found its cash cow in India’s beleaguered consumers. With a minimum wage of Rs.250/day for a government worker, a basic wage worker afflicted with a chronic disease like multi-drug-resistant tuberculosis faces penury. His treatment, with drug combinations, which works out...

-Business Standard Four of the 6 large states have seen uptick in rural wages, following equally sharp increase in coverage of the rural employment guarantee scheme After months of stagnation, rural wages have started inching up, albeit marginally. Coinciding with a renewed push to the rural employment guarantee scheme in the second half of 2015, rural wages have shown a marginal uptick since August. It remained nearly flat from December 2014 to...

-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...

-The Times of India Ramesh Chand has spent over three decades in farm research and teaching agricultural economics and policy. He has now been appointed as a key member of the NITI Aayog to prepare a blueprint for the revival of the agricultural sector. In an interview to TOI, Chand talks about prices, rural distress, role of cutting edge technology and the need for state run institutions in the farm sector....

-Hindustan Times Nearly half of what the average Indian earns she spends on food. And when food prices rise, the average Indian’s budget feels the strain. In November, the consumer food price index, which tracks food prices at retail sales points, was up 6.07% as compared to 5.25% in October. Even data relating to the Wholesale Price Index (WPI), which tracks prices of commodities when they are traded in bulk, show...