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Higher food prices accelerate retail inflation in October

-The Economic Times Consumer inflation touched a seven-month high in October denting hopes of rate cut when the Reserve Bank of India reviews the monetary policy next month. Retail inflation, as measured by the consumer price index (CPI) rose to 3.58% in October from 3.28% in September, data released by the government showed. “While we expect the RBI’s March 2018 projection to be revised down a notch, but October’s CPI and the likelihood...

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Hunger and the nation: Examining food politics and policy in India -Swati Saxena

-Tehelka.com Learning from the recent starvation deaths in Jharkhand, the nation’s leaders must pay heed to the necessity of ensuring food security for all Food and hunger have been important issues this past month and the news has not been welcome. First it was India’s dismal rank in the Global Hunger Index (GHI) 2017 released by the International Policy Research Institute rankings — 100th among 119 countries. GHI looks at undernourishment, child...

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Madhya Pradesh: Compensation scheme for farmers falls prey to trader cartels -Sayantan Bera

-Livemint.com Madhya Pradesh government had launched the compensation scheme to ensure that farmers receive minimum support price for pulses and oilseeds New Delhi: An ambitious scheme launched by the Madhya Pradesh government to ensure that farmers receive minimum support prices (MSP) for pulses and oilseeds is falling prey to trader cartels, suggest price data from wholesale markets and testimonies by farmer organizations. Following a sharp fall in crop prices over the past year...

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Beyond MSP

-The Hindu Business Line Price incentives for farmers should be followed up by better marketing infrastructure The Centre, while announcing the minimum support prices for the oncoming rabi season, has stuck to its policy of announcing moderate increases in the case of cereals, while promoting a shift towards pulses and oilseeds. MSP increases have moderated after 2013, after double-digit spurts that were the norm in the preceding four years. Hence, the rise...

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Monsoon in India: Country feels the pinch as rainfall 5 pct less than normal

-The Financial Express The cumulative rainfall for southwest monsoon this year (July to September) has been 5% less than normal. The distribution has been uneven, with excess rains in some parts and shortage in several other areas like Uttar Pradesh, Haryana, Punjab, Madhya Pradesh and parts of Maharashtra. This has impacted sowing. As compared with last year, sowing is lower for foodgrains and oilseeds. Even the government’s first advance estimates say that...

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