-Business Standard As critics find fault in the new gross domestic product (GDP) data, National Statistical Commission (NSC) Chairman Pronab Sen, heading a committee to review the methodology of the new series, tells Indivjal Dhasmana much of the criticism is due to the lack of information about the methodology and sourcing of the new data. Edited excerpts: NSC has appointed a committee under you to review the new GDP data. Has it...
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Centre sits on wage hike nudge -Basant Kumar Mohanty
-The Telegraph New Delhi: The yearly wage revision for the rural job guarantee scheme has for the first time missed its April 1 deadline, with the government having sat for nine months on expert advice for a sizeable hike. Sources said the rural development ministry would next week notify an interim wage increase, based on the existing formula for yearly revisions, while the finance ministry weighs the expert panel's July recommendations. There are...
More »Potato glut & price slump drive 8 farmers to commit suicide in Bengal -Phalguni Banerjee
-The Times of India KOLKATA: A potato glut and plunging prices have triggered suicides in Bengal's Hooghly, Burdwan and Bankura districts. Hooghly alone reported six of them. Prices have crashed, one kg of the tuber selling for Rs 3 to Rs 4. With the pressure unlikely to ease in the near future, peasants face an uncertain future and are agitating. In 2013, Bengal's farmers reaped a good harvest of 85 lakh tonnes...
More »Inflation down, but pinch is back as two indices tell different tales -Zia Haq
-Hindustan Times Sharmilla Dar, a government schoolteacher in east Delhi, is irritated about a sudden surge in vegetable prices in the last week after they had cooled considerably since a year ago. "Why can't the government keep things affordable?" she asks. For middle-class consumers, food inflation worries are creeping back in. The farm sector is hurting badly after a full year of unprecedented weather havocs - from a partial drought last summer...
More »Untimely rain plays havoc with vegetable, pulse prices -Tomojit Basu
-The Hindu Business Line New Delhi: Prices of vegetables and pulses are set to shoot up after unseasonal rain damaged over 50 lakh hectares of standing crops across the country, putting enormous strain on household budgets. Consumers will have to pay more for potatoes, carrots, cabbages, mustard and almost all the pulses over the next few weeks. Rain in northern, central and western parts has caused widespread damage to crops in Punjab,...
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