-PTI Paddy MSP of Grade 'A' variety has been raised by Rs 55 to Rs 1,400 a quintal The government today announced Rs 50 per quintal increase in the minimum support price of paddy to Rs 1,360 to encourage farmers to cultivate rice, but said that the decision will not have an impact on inflation. Minimum support price (MSP) of pulses has been raised by up to Rs 100 per quintal. The Cabinet Committee...
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Domino effect of poor monsoon -Gargi Parsai
-The Hindu A welter of problems may be in store for the country These are testing times for the Narendra Modi government in the farm and food sector: the south-west (June-September) monsoon is delayed, deficient and weak; kharif sowing, much of which is rain-fed, is lagging by over 17 per cent over last year; rising food prices are pushing up inflation and pulling down growth. Right now the prices of only perishable...
More »A veggie vengeance -Shreekant Sambrani
-The Business Standard The government needs counter cyclical policies to tackle vegflation, which has become a recurrent problem Somebody help. Narendra Modi and Arun Jaitley are held hostage, not by jihadists, recalcitrant opposition, international capital or the ever-erratic monsoon, but by faceless, nameless manipulators of Nasik, Navi Mumbai and Azadpur markets. The "raw" terror they have let loose resounds in the corridors of government as well as media power. Cutting to the chase,...
More »Little respite
-The Business Standard Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....
More »Agriculture And Not The Stock Market Is The Reality Of India -Roshan Kishore
-The Citizen.in This piece is a rejoinder to an article by D K Joshi, which appeared in ‘The Indian Express' on June 4, 2014. The main arguments made by the author are neither new nor unique. Many neoliberal economists, including some occupying crucial policy-making positions have been making arguments which propose dilution of Minimum Support Price (MSP) policies to take care of excess food stocks with the government and also control...
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