-The Economic Times Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed. "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...
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‘Rural wages scheme, Food Security Bill can stoke inflation’
-The Indian Express Reserve Bank of India Governor D Subbarao on Tuesday cautioned that policies — the significant increase in rural wages triggered by the MGNREGS and inflationary implications of the proposed Food Security Bill — aimed at inclusive growth can stoke inflationary pressures at any rate in the short-term. “The need for making growth inclusive is incontestable, but it is important to recognise that policies aimed at inclusion can stoke inflationary...
More »Food bill to help social sector push by Sanjeeb Mukherjee
Bill has provision for free meals, besides an allowance of Rs 6,000 to all pregnant women. Ahead of assembly elections in seven states next year, the United Progressive Alliance (UPA) government is planning a big push towards its social security agenda. For, its Cabinet note on Food Security Bill has incorporated a provision for free meals, besides a monthly allowance of Rs 1,000 for six months to all pregnant women and...
More »Food inflation cannot be tackled in generic way: Swaminathan
-The Hindu MSSRF signs MoU with Marg Limited Food inflation could not be tackled in a generic way but has to be broken down and examined commodity by commodity, said M.S. Swaminathan, agricultural scientist. After signing MoU with Marg Limited on a partnership to provide knowledge connectivity to empower rural communities, Prof. Swaminathan said it was the price of vegetables, pulses, oil seeds, potatoes, onions and fruits that were climbing up and not...
More »Mayawati trashes MNREGA scam charges, calls Rahul's concern for weavers politically motivated by Ashish Tripathi
Rebutting union rural development minister's allegation of corruption in implementation of MNREGA in UP, chief minister Mayawati on Saturday said that the accusations are politically motivated and misleading. As per the evaluation of MNERAGA cell of the union government, UP has been among the best performing states in last four but all of sudden the corruption charges have cropped up, she said, which shows that there is more politics than genuine...
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