-The Business Standard Skimmed milk powder 'buffer' might raise prices The government’s proposal that a buffer stock of skimmed milk powder (SMP) be created in order to minimise volatility in milk prices is so unsound a proposition that it should be shelved. The proposal, sent to the inter-ministerial group on inflation by the food ministry, involves keeping a reserve stock of SMP with milk-processing units by offering them a handsome subsidy. The...
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food prices to stay high, volatility may increase: FAO
-Reuters ROME: food prices are set to remain high and volatility in food markets could increase in coming months, a senior economist at the U.N.'s Food and Agriculture Organisation told Reuters on Thursday. "Prices are sustained. It is highly unlikely we will see a normalisation of prices anytime soon," said Abdolreza Abbassian, senior economist at FAO. "Volatility is not going to go away, if anything it may even intensify further in coming months,"...
More »CCEA to consider tomorrow sale of pulses and cooking oil via PDS
-PTI NEW DELHI: To protect BPL families from price shocks due to supply constraints, Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to relaunch a scheme to supply imported pulses at a highly subsidised rate for next six months. The CCEA may also take up a proposal to extend a scheme for distribution of imported edible oils at subsided rate to BPL families for one more year...
More »Cap on subsidised LPG cylinders will affect mid-day meal scheme: Mamata Banerjee
-PTI KOLKATA: Accusing the Central government of not thinking about students while policy making, West Bengal Chief Minister Mamata Banerjee today said the cap on subsidised LPG cylinders will badly hit the mid-day meal scheme. "This is a very sensitive matter. The Central Government has never thought of the fate of poor school children ....There is a fear that these school children may have to go without food in schools due to...
More »Rural prosperity no mirage; real rural wages have grown 6.8% each year in last 4 years-A Gulati and AK Jena
-The Economic Times Every concerned and right-thinking citizen of this country wants poverty to be reduced as early as possible. Governments and policymakers have given assurances, time and again, that they are making their earnest efforts in that direction. Yet, there is a big debate in the country, ranging from the very definition of poverty to the number of people below the poverty line. Some academic stalwarts have devoted almost their whole...
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