The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...
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India cries onion tears as prices touch Rs 70-80 a kilo
Onion prices have hit the roof across the southern states — Maharashtra, Karnataka, Tamil Nadu and Andhra Pradesh. From Pune, Bangalore and Chennai the retail market feedback was the worst, a kilo going for between Rs 70 and Rs 80. Prices in Hyderabad too showed a steady rising trend. At supermarkets in glitzy Banjara Hills they had touched Rs 50 a kg and market watchers feared the rates could go even...
More »Onion exports suspended to check price rise
Retail price of onions has surged to Rs. 60-70 a kg within a couple of days NOCs will not be issued to exporters till January 15 Minimum export price raised to $1,200 a tonne The government on Monday announced suspension of onion exports till January 15 in a last-minute effort to cool prices of the poor man's essential vegetable from the prevailing high of Rs. 60-70 a kg. In a twin strategy, while the...
More »Managing the anticipated food crisis by MS Swaminathan
FAO has warned that 2011 may witness a global food crisis. Proactive action is needed to meet the challenge of price volatility, chronic hunger, agrarian despair and climate change. The Food and Agriculture Organisation of the United Nations (FAO) has alerted developing countries about possible steep rises in food prices during 2011, if steps are not taken immediately to increase significantly the production of major food crops. According to FAO, “with...
More »Honey export ban leads to huge crash in product prices by Amrita Chaudhry
Many bee-keepers in danger of losing livelihood, warn industrialists The ban on export of honey has led to a massive crash in the prices of honey, which has hurt the bee-keepers of the state. Expressing concern about the state of affairs, Kashmir Apiaries Exports/ Little Bee Impex CMD Jagjit Singh Kapoor said, “As a result of this ban, honey prices in the country are likely to crash further and the vulnerable...
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