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...

-IndiaToday.in The state is experimenting with tea and coffee plantation as part of its attempt to diversify crop Has Chhattisgarh woken up to smell the coffee? For long a preserve of the south, coffee cultivation seems to be traveling north. Things started brewing after a few enterprising farmer entrepreneurs started coffee and tea plantations in the state. The Jashpur district in North Chhattisgarh has a coffee plantation; another was set up on...

-The Hindu Union Commerce Ministry clarifies after European Commission’s charge. The Centre has identified a Maharashtra-based exporter as the source of the broken rice flagged in Europe as contaminated with genetic modifications (GM) earlier this year, the Commerce Ministry said on Wednesday. It added that the 500-tonne consignment was given a non-GMO certification by an independent agency before it was shipped to France. While reiterating that GM rice is not grown commercially in India,...

-The Hindu Business Line Recent data shows an alarming fall in income from crop cultivation. Improving procurement infra is the need of the hour The report of the ‘Situation Assessment of Agricultural Households and Land and Holdings of Households in Rural India 2019’ released by the National Statistical Office in September 2021 reveals the pathetic income level of Indian farmers. The average monthly income from different sources per agricultural household in July 2018...