-TheWire.in Given the negative impact biometric point of sales machines have had in Jharkhand and Rajasthan, the group urged Bihar to continue its own PDS reforms. A group of economists and social scientists have urged Bihar chief minister Nitish Kumar to not buckle under pressure from the Centre to use Aadhaar-based point of sales (PoS) machines for the distribution of rations under the public distribution system (PDS). These machines have been found...
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Pulse buffer stock to be increased to 20 lakh tonnes
-The Hindu The Centre on Monday approved the enhancing of buffer stock of pulses to 20 lakh tonnes so as to stabilise the prices and encourage farmers to scale up production. “The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock to 20 lakh tonnes. It will be built through domestic procurement and imports of 10 lakh tonnes each,” an official...
More »Inflation down, RBI rate cut hopes up -Asit Ranjan Mishra
-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...
More »Record increase in sown area under pulses during kharif 2016-17, shows latest data
A fall in the rate of inflation (on point to point basis) in Consumer food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
More »Govt panel fails to define 'poverty line', says form another group to do the job -Moushumi Das Gupta
-Hindustan Times Just how many people in India are poor? The question remains unanswered with yet another government panel failing to define an official “poverty line”. After a year and half of work , a 16-member task force headed by NITI Aayog vice chairman Arvind Panagariya has failed to reach a consensus and suggested to the government that another panel of specialists be asked to do the job. HT has a copy of...
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