-The Tribune Grains sold at fair price shops unfit for eating: consumers Palampur: In the absence of any checks, ‘substandard’ foodgrain, especially pulses, are being sold at fair price shops in Kangra district. The pulses have high moisture content and are not fit for human consumption. The state government supplies subsidised foodgrain to consumers through over 4,500 outlets, including fair price shops. Sources say that the commodities being supplied at the fair price...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-The Hindu Business Line Labour Ministry has decided to change the base year of the consumer Price Index for agriculture and rural workers Union Labour Ministry has decided to revise the wage calculation for India’s workforce. The Ministry, in its latest computations, has decided to change the base year of the consumer Price Index for Agriculture Labourers and Rural Workers (CPI-AL&RW) to 2019. At present, the base year is 1986-87. According to a...

-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...

-Hindustan Times Rising prices of edible oils have dampened the mood ahead of the festive season.  The central government on Friday expressed hope that key oilseeds and edible oil-producing states will begin implementing stock limits from next week. It will further help in cooling down the prices and bring some relief to consumers amid the festive season, the government said. The central government said that it took measures to reduce edible oil prices...