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‘Paltry’ insurance payouts irks rain-affected farmers, Centre denies claims -Zia Haq

-Hindustan Times Farm-insurance claims have risen due to extensive crop damage caused by extreme weather conditions this year, but some farmers are angry at being given a pittance as compensation under the Pradhan Mantri Fasal Bima Yojana. Krushna Raut, a farmer in Maharashtra’s Parbhani district, stared in disbelief at a message on his mobile phone, which showed ₹1.76 had been transferred to his bank account towards his crop-insurance claim. He first thought...

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World Bank ups growth for this fiscal to 6.9 per cent

-The Telegraph This is the first upgrade of India’s growth forecast by any international agency amid global turmoil India’s economy is expected to grow 6.9 per cent in the current fiscal year, the World Bank said in a report on Tuesday, citing tightening monetary policy and high commodity prices as factors impacting the country’s growth. The Bank had trimmed its growth forecast for India to 6.5 per cent in early October from a...

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Apparel, footwear companies monitoring inflationary trends, some may roll back price hikes

-The Hindu Business Line Players said they have begun witnessing good demand for winter products Apparel and footwear companies said they are closely monitoring inflationary trends with some even looking at rolling back price hikes on existing range or upcoming season offerings, especially at the mass-end. Players also said they have begun witnessing strong demand for winter season-related products. This comes at a time when there has been some softening in raw material...

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ILO regional meet begins on December 6; Director-General calls for social security for all -AM Jigeesh

-The Hindu Strong and effective gender-responsive policies and institutions of work that are oriented towards human-centred recovery needed in the Asia-Pacific region, says Gilbert F. Houngbo “Integrated policy agenda for a human–centred recovery that is inclusive, sustainable and resilient” is the theme of the 17th Asia and the Pacific Regional Meeting (APRM) of the International Labour Organisation (ILO) beginning in Singapore on Tuesday. In his report on the theme, ILO Director-General Gilbert F....

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Distributors upset by FMCG cos’ practices -Suneera Tandon

-Livemint.com The issues were discussed at a national governing council meet of the All India Consumer Products Distributors’ Federation (AICPDF) in New Delhi earlier this month NEW DELHI: Distributors of fast-moving consumer goods have raised concerns over some practices of packaged goods makers such as Amul, Mondelez and Tata Consumer Products, which they say are leading to supply shortages, or dumping of stocks in a sluggish market. The issues were discussed at a...

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