-The Financial Express Thanks to normal monsoon rains last year after two consecutive years of ‘deficient’ rainfall, India’s foodgrain production is estimated to touch an all-time high of 273.38 million tonne (MT) in the 2016-17 crop year (July-June), which is 8.7% more than the previous year. The previous record output was 265.04 MT in 2013-14. According to the third advance estimate released on Tuesday by agriculture ministry, the output of rice, wheat,...
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Central Railways denies 'catering scam', says typos in RTI reply led to miscommunication -Mustafa Shaikh
-India Today Following reports of a catering scam in Central Railways, the department said that the whole case is a mere miscommunication caused by typos in RTI reply. Central Railways on Tuesday issued a clarification on reports of a scam that alleged its catering department had purchased food products at ten times their MRP, saying typing errors in the RTI reply caused the miscommunication. Three inspectors involved in making the RTI reply have...
More »Pricier food, fuel push WPI inflation to 39-month high -Surabhi
-The Hindu Retail inflation too inches up in February New Delhi: Retail and farm gate prices surged in February as food articles and fuel products became more expensive. Data released on Tuesday revealed that consumer price index (CPI) based inflation rose to a four-month high of 3.65 per cent in February this year as against 3.17 per cent in January. It was, however, much higher at 5.26 per cent in February last year. Meanwhile,...
More »MS Swaminathan, Father of the Indian Green Revolution and renowned agri-scientist, interviewed by Rajalakshmi Nirmal (The Hindu Business Line)
-The Hindu Business Line MS Swaminathan talks of the problems plaguing farmers and possible solutions Father of the Indian Green Revolution and renowned agri-scientist, Prof MS Swaminathan, in an interview with BusinessLine, states emphatically that the Centre’s promise of doubling farmer income can become a reality if careful thought is applied and a comprehensive plan is drawn up. The role of the State and the public are crucial here, he stresses. Excerpts: *...
More »Demonetisation sucked in cash like vacuum cleaner: IMF
-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...
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