-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
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Minimum support price of kharif crops raised by CCEA
-The Economic Times NEW DELHI: As sowing picks up across the country, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved increasing the minimum support prices (MSP) of kharif crops for 2013-14 crop year (July-June). The increase is expected to boost the sowing of paddy, cotton, oilseeds like soybean, millets and pulses crop in the country. On the basis of recommendations given by Commission for Agricultural Costs and Prices (CACP),...
More »The youth unemployment bill -Manish Sabharwal
-The Indian Express Why the proposed national minimum wage is the wrong answer to questions of unemployment and poverty The recent national labour conference - a trade union love fest with little real employer participation - demanded a national minimum wage. The trade union demand is a predictable positioning of narrow self-interest as national interest but the government's acceptance of their demand is unfair, delusional and economically stupid. Unfair, because it pampers a...
More »Vegetable prices rise 50 per cent owing to bad weather -Madhvi Sally
-The Economic Times NEW DELHI: Vegetable prices have risen up to 50% in Delhi, Mumbai and other parts of the country as farms near the Yamuna river in northern India are flooded, while dry weather in many parts of western India have hit output. The deluge in parts of northern India has also wiped out muskmelon and watermelon apart from hurting the mango crop. Traders said it would take two to four...
More »Uttarakhand floods may increase vegetable prices
-The Times of India NEW DELHI: The prices of vegetables and fruits are likely to go up in Delhi as supplies from Uttarakhand and neighbouring areas have been affected due to the recent floods. The Yamuna flood plain - a major source of vegetables and fruits in the capital - has been washed away completely. "We get 7-8 tempos of watermelons, cauliflower, spinach and bottle gourds from farmers in the Yamuna belt...
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