-The Financial Express Sorai Village: Even as official data show food inflation at 5-6%, elevated levels compared with the subdued prices of most other items, farmers are barely realising remunerative prices for their produce, another reason why rural consumption demand is dismally low. Potato farmers in Uttar Pradesh, for example, are selling the vegetable at a fifth of the price a year ago, thanks to a glut caused by excess production...
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RTI is being sabotaged by not allocating enough resources to make it work -Shailesh Gandhi
-The Times of India Blog India’s Right to Information (RTI) Act has caught the imagination of people in this country, while being appreciated across the world. A great change has come in India this decade in the power equation between the sovereign citizens of the country and those in power. This change is just beginning and if we can sustain and strengthen it, our defective elective democracy could metamorphose, within the...
More »Centre relents on real estate bill
-The Telegraph New Delhi: The government today gave in to the Opposition and referred the bill for regulating real estate to a select committee for scrutiny. Urban development minister M. Venkaiah Naidu brought a motion for sending the bill to the committee, to be headed by BJP MP Anil Madhav Dave. The 21-member panel will have to hand in its report at the start of the monsoon session. The Opposition had demanded examination...
More »India’s farms haven’t transformed fast enough - Pramit Bhattacharya
-Livemint.com The past decade has been transformative for rural India but deep-rooted vulnerabilities still remain Two years ago, the rural consumer was the delight of consumer goods companies and financial firms as they sought to tap the growing demand in India’s countryside. After repeated spells of poor weather in the past two years, rural demand seems to have weakened sharply. Villagers appear to be trapped in a new cycle of distress, which...
More »Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
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