-Reuters India’s food price index rose 9.03% and the fuel price index climbed 13.13% for the week ended 6 August, government data on Thursday showed. Finance minister Pranab Mukherjee termed the over 9% rate of food inflation as “not acceptable”, but expressed hope that government policies and a good monsoon will help ease prices. “Food inflation at the level of 9% is not acceptable. I do hope the measures taken to remove supply...
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India’s Tea Party Time by Dilip Bobb
The Gandhi topis, the non-violent crowds, the banners and other symbols of protest, including tonsuring of heads, meditating mendicants, patriotic songs and fervour and, of course, the fasts, are seen as a throwback to the days when the Mahatma exerted enormous and unquestioned moral authority over the ruling government, political leaders and the populace. Most references to the “revolution” started by Anna Hazare and his group, now immortalised as Team...
More »Food fundamentals by Coomi Kapoor
It will be a mistake to assume that the food security bill, in its present form, will necessarily and sharply reduce India’s embarrassingly high rates of child malnutrition. Satiating hunger and providing nutrients that are essential for healthy Growth and fitness are not quite the same thing, a fact highlighted by the leading medical journal Lancet in a recent research paper. The article says the prevalence of anaemia in India...
More »Govt to have agri survey before tabling Food Bill by Seema Sindhu
To give the much-needed impetus to the farm sector, the Government will have its first agriculture survey this financial year in February on the lines of the economic survey. Sources said that the Agriculture Ministry’s apprehensions on the production Growth to meet the National Food Security Bill’s demand have concerned the Government. Consequently, three months ago Prime Minister Manmohan Singh asked the Agriculture Ministry to carry a separate survey to give...
More »MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
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