The reported decision of the Cabinet Committee on Economic Affairs taken at a meeting, chaired by Prime Minister Manmohan Singh, to keep the minimum support price of cotton unchanged for kharif season 2010-11 has left three million growers of the state unhappy. Vidarbha Jan Andolan Samiti president Kishore Tiwari said, "The prices were last revised in 2008-09 and during election year it were raised to Rs 3,000 a quintal more...

In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...

The glitter of growth has added little sparkle to the lives of many peasants and rural workers. Deprivation, discrimination, and disadvantage dominate the everyday lives of large sections in rural Andhra Pradesh, an important new study*finds.  Village studies highlight features of society that are often overlooked and overshadowed by macro-studies of the economy. A recent study presents extraordinarily rich, unusually detailed and intensely disturbing data on agrarian relations, livelihoods, economic...

Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...

A couple of years ago a colleague came into my office with what he thought was a definite typographic error: “It says that India won only three medals in the Olympics; that cannot be right — there is a billion people in India.” I had to break it to him that this was actually the most medals India ever won in a single Olympic game. India has an average of...