The government plans to raise prices of urea, the most widely consumed fertiliser in the country, by a steep 40%. The move, necessitated by the government's mounting subsidy burden, is a test of its political courage as it comes just ahead of elections in five states. Farmers in India use about 28 million tonne of urea annually, of which 6-8 million tonne is imported. The uptrend in prices of imported urea...
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Government has no plans to hike urea prices-sources
-Reuters Ministry for Chemicals and Fertilisers has no plans to raise prices of urea, the most widely used soil nutrient in the country, two ministry sources said. Two newspapers reported on Monday that the government planned to increase prices of urea by 40 per cent to reduce a mounting subsidy burden. "There is no proposal to raise prices of urea," a ministry source told reporters. Another ministry source said: "The urea prices were revised...
More »Food security: Delivering the promise efficiently by Ashok Gulati, Jyoti Gujral & T Nanda Kumar
To banish hunger and malnutrition from the country, Parliament is likely to pass the National Food Security Bill (NFSB). In our earlier article on this issue, Can we Afford Rs 6-Lakh-Cr Food Subsidy Bill in 3 Yrs? (ET, December 17, 2011), we concentrated on the likely financial implication that we estimated at roughly Rs 6,00,000 crore over a period of three years. In this piece, we address the operational challenges...
More »Prof. Amartya Sen, Nobel laureate in Economics, interviewed by Chandra Ranganathan
India must not obsess with how fast its economy is growing and instead pay more attention to its human development indicators which are worse than even that of Bangladesh, Nobel prize-winning economist Amartya Sen said. Sen, known among his peers as the Conscience of Economics, said slower growth is not a good enough reason for national gloom. If India really must feel upset, it should be because the country is...
More »Farmers ready to pay market rates for power, demand reliable supply by Madhvi Sally & Sutanuka Ghosal
Agrarian distress and growing awareness among farmers, tired of poll-time rhetoric and freebies, may make it tougher for political parties to woo this large electorate with worn-out promises in the upcoming assembly polls. Ahead of elections in five states, including in Uttar Pradesh, the country's most populous and politically-critical state, many farmers say they are ready to pay market rates for power and other inputs provided there is reliable supply. Swarn Singh,...
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