Import duty on raw silk has been cut from 30 to 5 per cent The mood is grim at the Government Cocoon Market in Ramanagaram. The auction of silk cocoons is on; however, no silk reeler is willing to pay more than Rs. 110 for a kg. At this rate, the loss incurred by each farmer is a heartbreaking Rs. 60 a kg. Double whammy The loss is greater and the risk more...
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Taming price rise: Govt panel for FDI in multi-product retail
-The Times of India An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...
More »Give cash some credit by Guy Standing
It would be sad if the potential of cash transfers was lost as a result of hasty posturing by those on various sides of the debate. The fact is that, in India today, poverty and economic insecurity remain endemic in spite of fantastic economic growth. The existing system has failed to arrest the growing number in poverty, despite substantial government spending ostensibly designed to reduce poverty. Could cash transfers help? A...
More »Delink Aadhaar from NREGA, say activists by Jaideep Deogharia
Those responsible for the framing and implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) have once again protested the linking of Aadhaar number (Unique Identification UID) with the job guarantee scheme for the rural masses. In a letter sent to the Union rural development secretary, B K Sinha, they have expressed dissatisfaction over the decision to make UID compulsory for extending NREGA benefits in Mysore saying that the...
More »New rice crisis cannot be ruled out: International Rice Research Institute
-The Economic Times A repeat of the 2008 rice crisis that led to riots in the developing world cannot be ruled out as the cost of other agricultural goods surge, a research group has warned. The International Rice Research Institute said the global rice market was delicately balanced as the grain had managed to avoid huge price rises thanks to stable weather in rice growing regions. The cost of wheat surged 121...
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