Milk prices are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the FIRst bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain FIRm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...
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US FDA Flags Lapses by Indian FIRm's Eye Drops Linked to Vision Loss and Deaths - Tabassum Barnagarwala
Scroll.in The US Food and Drug Administration has found a series of violations in the manufacturing process and sterilisation methods adopted by Global Pharma, the Indian manufacturer of an eye drop that has been linked to 68 cases of eye infection in America, including eight cases of vision loss and three deaths. The company recalled its product, EzriCare Artificial Tears Eye Drop, early in February. The over-the-counter product has been linked to...
More »Supreme Court rejects Centre's plea for more compensation from Carbide's successor FIRms - Ashmit Kumar
CNBC-TV18 The Supreme Court rejected the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based FIRm Union Carbide Corporation (UCC). The court rather asked the government to utilise a sum of Rs 50 crore lying with the Reserve Bank of India (RBI) to satisfy pending claims of victims. The government had sought an additional Rs 7,844 crore from the UCC successor FIRms to extend...
More »New Changes to MPLADS Will Make it More Centralised and Less Inclusive - John Brittas
The Wire In a country like India where inequality is so prominent, a development scheme can come a cropper if it lacks inclusivity. The Member of Parliament Local Area Development Scheme (MPLADS) was launched in 1993 to enable parliamentarians to directly contribute towards meeting the development demands of their constituency or state. Despite many deficiencies plaguing the scheme, it stood out mainly on account of the principles of social justice and its...
More »Real Wages Declined for Rural Indians in 2022, a Year When the Economy Somewhat Recovered
The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
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