-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
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Government warns of fine, jail term for selling water, cold drinks above MRP
-The Times of India NEW DELHI: Those selling bottled water and cold drinks at more than their Maximum Retail Price, including at airports, restaurants and multiplexes, could attract penalty and jail terms, consumer affairs minister Ram Vilas Paswan said on Friday. Citing the common experience of consumers, the minister said packaged drinking water is often found selling at 10-20% higher rates at such locations and there are also cases where some of...
More »Pulses production: Glorious moment for India; here's why -Usha Tuteja and Vishal Dagar
-The Financial Express There are several facets to India’s weak pulse economy. Nevertheless, it is a glorious moment for the country as pulse production is expected around 22 million tonnes in FY17 surpassing all previous records. According to the initial estimates of the agriculture ministry, kharif production will reach 8.2 million tonnes against 5.4 million tonnes recorded in the last fiscal. This would be possible due to higher allocation of land to...
More »Government to fix prices of essential items, even packed ones -Dipak K Dash
-The Times of India NEW DELHI: Once the central or state government fixes and notifies the retail sale price, retailers cannot sell essential commodities such as pulses, sugar, milk and edible oils at higher prices in the guise of selling such items in packets. Learning from recent experiences of exceptional spurt in prices of pulses and particularly huge difference between loose dal and those sold in packets, the consumer affairs ministry has...
More »Nutrient prices: Non-starter of a cut -Harish Damodaran
-The Indian Express Fertiliser makers rule out reduction in DAP rates, despite exhortations from Centre. Union Chemicals and fertilisers minister Ananth Kumar has stated that companies have “agreed” to slash Maximum Retail Prices of non-urea fertilisers like DAP (di-ammonium phosphate) and MOP (muriate of potash) by Rs 2,500 to Rs 5,000 per tonne, even as plantings for the ongoing kharif season have picked up on the back of a good monsoon. But it...
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