Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the trade union movement in the banking industry, Mr....
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Govt divided on retail FDI as FinMin says no by Surajeet Das Gupta
The government is divided over allowing foreign direct investment (FDI) in multi-brand and foodgrain retailing. While the Ministry of Finance is opposed to any change in the existing retail FDI policy, the Agriculture and ConsuMer Affairs Ministries, along with the Planning Commission, are open to the proposal mooted by the Ministry of ComMerce and Industry. At present, FDI in these areas of retailing is banned. The finance ministry’s position gains significance in...
More »Cut-Rate Democracy by Pranjoy Guha Thakurta
Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...
More »Punjab cries foul over low wheat support price by Vibha Sharma
Punjab Chief Minister Parkash Singh Badal and the farm lobby reacted sharply today to the Centre’s announcement of the Minimum Support Price for Wheat. The Centre yesterday had announced a nominal hike of Rs 20 in the MSP, fixing it at Rs 1,120 per quintal. Describing it as a ‘stab in the back’, the Punjab CM claimed that the MSP fixed for wheat is lower than the rate at which the...
More »NAC discussing food security in newspapers only: Venugopal
Enhanced food grains production and productivity in general, and in rain-fed areas in particular, would pave the way for an autonomous, decentralised PDS which should be the goal of public policy in India's march to food and nutrition security, the forMer secretary said. "We need to build on some of the existing programmes through an appropriate strategy for increased agricultural production, with a new emphasis on dryland agriculture," Venugopal said....
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