-The Indian Express Government’s actions on the commodity reveals it is ignorant of how a market economy is run With each passing day this year, agriculture seems to be sagging and so is the Indian farmer. Deficit monsoon rains appear to be the trigger. Although rains offered some respite to Marathwada, the situation in India’s largest agri-state, Uttar Pradesh, has gone from bad to worse. Last year’s drought, with monsoon rains falling...
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Govt hikes onion minimum export price to $700/tonne to check prices
-The Hindu Business Line New Delhi: With onion prices continuing to be a worry for consumers, the Centre has raised the minimum export price (MEP) of the bulb to $700 per tonne. The MEP was last increased on June 26 this year to $425/tonne from $250/tonne. An official statement released by the Food and Consumer Affairs Ministry also said that the tender floated for onion imports will be opened on August 27....
More »Khadi Production in India: A Way Forward to Green Economy? -Sumanas Koulagi
-Economic and Political Weekly Unlimited growth for prosperity in a fi nite planet is not possible. Ecological economists like Tim Jackson, Peter Victor, and others talk about prosperity without growth and highlight the need for greening the economy on a community scale. Using the "criteria of green economy enterprise" set by Jackson and Victor as a tool, this article looks at khadi production, India's community-level cloth production system. Sumanas Koulagi (k.sumanas@yahoo.in) is...
More »Chemists will have to mention in bill whether drug is price controlled -Sushmi Dey
-The Times of India NEW DELHI: In an attempt to empower consumers and save them from paying more for medicines, the government is set to make it mandatory for chemists to mention in the bill whether they are selling a price-controlled product or not. Besides, the bill will also mention the price of the medicine as capped by the government. The move will enable a consumer to make an informed choice while...
More »All new medicines to come under price control -Sushmi Dey
-The Times of India NEW DELHI: The drug price regulator has mandated companies to seek its approval for every new medicine, including combinations of existing ones, to ensure that consumers are not overcharged. According to the National Pharmaceutical Pricing Authority (NPPA) all innovative launches like new combinations of price-controlled medicines as well as those with changed strengths and dosages will be treated as 'new medicines'. The move is aimed at spanning the...
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