-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...
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Potato portents -Ajay Vir Jakhar
-The Indian Express The crisis in the crop’s prices in two of the four years of the Modi government illustrate that farmers no longer matter to it. Farmers are habitually great raconteurs. My grandfather would often narrate an episode, when he encountered a farmer sitting by a heap of potatoes in the middle of the night. On investigating what compelled the farmer to guard potatoes when there were no buyers, he was...
More »Diesel price at all-time high as crude oil surges in international markets -Gireesh Chandra Prasad
-Livemint.com Diesel price touched Rs.61.74 a litre in Delhi, while petrol hit Rs.71.18 a litre, the highest since 1 August 2014 New Delhi: Diesel price rose to an all-time high on Monday as crude oil price continued to advance in global markets, impacting India’s oil import bill and inflation. Diesel price touched Rs61.74 a litre in Delhi, while petrol hit Rs71.18 a litre, the highest since 1 August 2014, according to information provided...
More »CPI for industrial workers up at 3.97% in Nov as food items get costlier
-PTI The All-India CPI-IW for November increased by 1 point and pegged at 288 New Delhi: Retail inflation for industrial workers rose to 3.97 per cent in November 2017 mainly due to surge in prices of food items, kerosene and cooking gas. "The year-on-year inflation measured by monthly CPI-IW (Consumer Price Index-Industrial Workers) stood at 3.97 per cent for November, 2017 as compared to 3.24 per cent for the previous month (October, 2017)...
More »Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target
-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...
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