-The Business Standard The Agricultural Produce Marketing Committee law allows mandis to remain in the grip of a middlemen cartel, with clear links to politicians who run the governments Congress Vice-President Rahul Gandhi has, in effect, told chief ministers of party-ruled states that if food inflation is to be controlled, as many items as possible must be got out of the purview of the Agricultural Produce Marketing Committee (APMC) Act. For the time...
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Contentions on the Bali Ministerial Decision -Vijoo Krishnan
-Vikalp The recently concluded Bali Ministerial marks an important milestone in the WTO negotiations. The National Food Security Act, 2013 in India has brought the issue of food security and hunger within developing countries to the forefront of the negotiations in the WTO. In this context, the G-33 proposal addressing the issue of non-recognition of food security concerns of developing countries within the global trade rules reflected a meaningful unity within...
More »Government Cuts Onion MEP to USD 150 a Tonne
-Outlook Government today reduced minimum export price (MEP) of onion to USD 150 a tonne from USD 350 to boost shipments and check sharp fall in domestic prices that has led to farmers protest in producing states. This is the third downward revision of onion MEP, the benchmark price below which the commodity can not be exported, this month. On December 16, the Centre had reduced it to USD 800 a tonne...
More »CNG price up by Rs 4.50 in Delhi, Arvind Kejriwal smells a rat -Somreet Bhattacharya & Neha Lalchandan-
-The Times of India NEW DELHI: Two days before Delhi gets a new chief minister, compressed natural gas (CNG) rates were hiked on Thursday by a steep Rs 4.50 - the second increase in three months - giving rise to the prospect of costlier public transport for Delhiites and throwing a challenge to the incoming Aam Aadmi Party (AAP) government. CNG will cost Rs 50.10 per kg in Delhi and Rs 56.70...
More »Chaudhuri committee on WPI facing difficulties with Producer Price Index-Nayanima Basu & Sanjeeb Mukherjee
-The Business Standard Deadline extended by three months to March 31 for submitting report After a push from the Prime Minister's Office (PMO), a committee headed by Planning Commission member Saumitra Chaudhuri seems to be giving its full attention in moving towards Producers Price Index (PPI) that will give accurate calculation of movement of inflation. To help the panel finish its task, the government has extended its deadline by...
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