-The Tribune The prices of essential food items have increased by 50% in seven years, whereas the real wage rate has risen by 22%. These figures show that inflation has outsmarted the real income of the poor, making their lives miserable as the food basket constitutes a substantial proportion of the total expenditure on the poor. The net effect is that the poor earn less and take loans to maintain the...
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Average retail price of atta up 13% from last year
-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
More »Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report
-PTI/ Business Standard The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the Maximum Retail Prices of non-urea fertilisers remain at the present level, sources said India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher...
More »Is the govt. doing enough for the Jan Aushadhi scheme?
On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...
More »Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra
-The Hindu Business Line Seeks taking necessary action as very large hoardings had taken place The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law. Stressing the need for effective enforcement of the EC Act by...
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