-The Indian Express PM Modi government’s mandatory coating policy brings down sale of fertilisers, despite record farm production Here’s an apparent contradiction: The Narendra Modi government claims that India’s foodgrain output will hit a record 271.98 million tonnes (mt) in 2016-17 — up from last year’s 251.57 mt — with production of rice, wheat, maize, pulses and even oilseeds estimated at all-time highs. Yet, fertiliser sales — considered a proxy for farm sector...
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Direct transfer, 2 lakh sale points: Big fertiliser subsidy reform rollout in June -Harish Damodaran
-The Indian Express Under the proposed system, payment of subsidy is to be based on weekly settlement of claims from actual sales data captured on POS machines. Buoyed by its landslide win in the recent Uttar Pradesh assembly elections, the Narendra Modi government has decided to fast-track the implementation of the direct benefit transfer (DBT) system for payment of fertiliser subsidy to farmers. From the coming kharif season, beginning June, the Rs...
More »India's February WPI inflation firms up to 6.55% -Raj Kumar Ray
-Hindustan Times India’s wholesale price index-based inflation flared up to two-and-a-half years high of 6.55% in February from 5.25% in January mainly due to a spurt in mineral and fuel prices while food prices started rising following rapid remonetisation. The spurt in WPI inflation adds to the worries of a pent up demand after demonetisation which may prompt Reserve Bank of India to keep policy interest rates unchanged for some more months. The...
More »Plan to allow larger firms to shut shop sans govt. nod -Somesh Jha
-The Hindu Labour Ministry to discuss revised guidelines at GoM The Labour Ministry has proposed that factories with up to 500 workers be allowed to lay off workers or shut shop without seeking government permission, in a bid to give firms flexibility in hiring and firing employees. The Ministry is set to discuss the proposed Labour Code on Industrial Relations at the next meeting of the Group of Ministers (GoM), scheduled for March...
More »Private firms collecting Aadhaar data not a great idea, says SC -Utkarsh Anand
-The Indian Express The apex court had earlier permitted voluntary use of Aadhaar cards in social welfare schemes such as LPG subsidy, PDS, MGNREGA, pension schemes and provident fund. New Delhi: THE SUPREME Court Thursday declined to expedite hearing of Aadhaar cases challenging the constitutional validity of the initiative but observed that data collection by private agencies might not be “a great idea”. Chief Justice of India J S Khehar made the remarks...
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