-The Times of India In a striking irony, the number of hungry people in the world was estimated at 842 million in 2011-13 by the Global Hunger Index (GHI) report released on Monday even as world cereal production was estimated at a near record level of 2,489 million metric tons a few days ago. About a quarter of the world's hungry, or 210 million, are in India alone. The number of hungry...
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WPI, CPI divergence seen in food inflation-Partha Sinha
-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
More »Government working on new index to fix rural wages -Dilasha Seth & Yogima Seth Sharma
-The Economic Times NEW DELHI: The government is working on a new index based on the consumption pattern of rural landless labour to fix wages under the Mahatma Gandhi National Rural Employment Guarantee Act, a move that is set to result in slower annual wage hike increases under the government's flagship social welfare programme. Rural wages under MGNREGA are at present based on the Consumer Price Index for agricultural labourers (CPI-AL), which...
More »House panel seeks parity between NREGA, minimum state wages -Urmi A Goswami
-The Economic Times NEW DELHI: A parliamentary panel has asked the Centre to bring parity between wages under the rural employment guarantee programme and those given by states for agricultural labour under the Minimum Wages Act. The recommendation of the panel, headed by BJP leader Sumitra Mahajan, comes as a shot in the arm for the rural development ministry's proposal to link wages under the rural employment programme and the minimum wages...
More »Brittle supply chain leads to soaring vegetable prices -Sandip Das and Subhomoy Bhattacharjee
-The Indian Express Despite the scare scenario painted for production trends for key vegetables, it turns out that there is no dip in availability. This includes onion, whose prices have flared in the past few weeks. Data from the past two years compared with that for the current year indicates that the problem for the four vegetables that have a pan-India presence - onion, tomato, brinjal, potato - is because of logistics...
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