-TheWire.in The auctions let millers earn a bloated revenue of at least Rs 4,600 crore in four years from milling over 5.4 lakh tonnes of raw pulses, hammering government coffers and possibly the quality of daal, show documents. New Delhi: The Narendra Modi government allowed millers to fatten themselves on tonnes of pulses meant for the poor by turning an auction procedure on its head. The Reporters’ Collective’s examination of auction archives shows...
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Retail inflation rate rises to 4.91% in November 2021
-MoneyControl.com The CPI-based inflation rate has increased on a sequential basis. It was 4.48 percent in October 2021. The country's retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.91 percent during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 13. The inflation has increased sequentially, as it was recorded at 4.48 percent in October...
More »Wet December blow to dry fish trade in coastal districts -Snehamoy Chakraborty and Anshuman Phadikar
-The Telegraph There are some 40 large units in South 24-Parganas and East Midnapore, catering to the livelihood of around one lakh fishermen and traders Tamluk (East Midnapore), Bolpur (Birbhum): Around one lakh fishermen and businessmen involved in the trade of dry fish in the coastal districts of South 24-Parganas and East Midnapore are staring at huge losses owing to the untimely December downpour triggered by Cyclone Jawad, prompting the state government...
More »India 'poor and very unequal' with affluent elite: World Inequality Report -Indivjal Dhasmana
-Business Standard Fruits of economic reforms monopolised by the elite: World Inequality Report The top one per cent of the population in India owns more than one-fifth of the total national income in 2021 while the bottom half earns just 13.1 per cent, said the World Inequality Report. The economic reforms and liberalization adopted by India have mostly benefited the top one per cent, the latest report for 2022 said. "India stands out...
More »India’s fertiliser subsidy set to rise by 62% in current financial year: Crisil
-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s fertiliser subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s fertiliser subsidy bill is likely to be higher by ₹50,000 crore to touch the total...
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