-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
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Demystifying Indian poverty line -Gaurav Choudhury
-The Hindustan Times * What is a poverty line? The poverty line defines a threshold income. Households earning below this threshold are considered poor. Different countries have different methods of defining the threshold income depending on local socio-economic needs. * Who brings out the poverty estimates in India? The Planning Commission releases the poverty estimates in India. * How is it measured? Poverty is measured based on consumer expenditure surveys of...
More »Dal Will Tell You What the Government Cares About-Bhavdeep Kang
-Grist Media The proposed Food Security Bill will likely raise the demand for dal across India. While farmers and consumers are against it, the government keeps favouring the agri-industry and importing more and more cheap versions to offset rising inflation. But why won't India produce its own dal anymore? Nowhere are Canada's agricultural production plans tracked more closely than in India's Ministry of Food & Consumer Affairs. As it struggles to meet...
More »Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus
-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...
More »Record rains in June aids power, agricultural output -Madhvi Sally
-The Economic Times NEW DELHI: Agriculture output is poised to accelerate and power deficits will narrow as the monsoon has begun bountifully in its first month, irrigating fields and filling up reservoirs with the heaviest June rainfall in more than a decade. Rainfall has been 32% above normal in June, injecting moisture into fields and preparing them for early sowing of kharif crops and reducing the farmer's need for electricity or diesel...
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