Milk prices are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain firm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...
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‘I hope we don’t die of hunger’: Rural women struggle as Maharashtra ends subsidised grains plan - Prateek Goyal
Newslaundry In 2018, when Rekha Waghmare was 39 years old, her husband died by suicide. Namdev, 42, was among over 12,000 farmers who died by suicide in Maharashtra from 2015 to 2018, struggling with five years of crop failure. He left behind Rekha, their two children, a 3.5 acre farm, and an unpaid loan of Rs 4 lakh. Rekha, who lives in Nandusa village in Hingoli district, turned to farming and daily...
More »Government hikes wages under MGNREGA, check state wise rates here - Nishtha Pandey
CNBC-TV18 The notification was issued under Section 6 (1) of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Starting April 1, wage hikes ranging from Rs 7 to Rs 26 will be implemented. The central government has notified a hike in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) for FY 2022-2024. After the hike Haryana has the highest daily wage at Rs 357 per day. While...
More »Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
More »India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar
CNBC TV18 The Centre has allowed an early procurement of wheat procurement by states to avert the possibility of any distress sale by farmers. Despite the pre-monsoon rains increasing moisture content in the rabi crop, government sources have maintained that the procurement cycle is on track and there hasn't been any adverse climatic impact on wheat harvest or supply so far. While government sources indicated that wheat procurement in Madhya Pradesh will...
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