that minimum support prices (MSPs) have been raised often - and supposedly partly for political reasons - during the United Progressive Alliance's tenure; and that this is a major contributor to food Inflation. The committee set up for this purpose has, interestingly, been asked to revisit the methodology by which MSPs are computed in the light of complaints from farmers that their production costs are still not adequately recovered. Doubts are often
More...roject at the University of Groningen, which is based on work by the late economist Angus Maddison. These sources rely on the same basic data, but they modify it in different ways to account for Inflation and other factors. As a result, their rankings of different countries' economies can vary widely. Liberia is sub-Saharan Africa's second-poorest, seventh-poorest, or 22nd-poorest country in terms of GDP, depending on which authority you consult.
More...ge point impact on margins and this could come down to 8 per cent," he said. However, despite the initial hit on profitability, volume growth over the next few years and price indexation to Inflation will help companies recover. "The policy has moved away from the intrusive and opaque cost-plus pricing mechanism to a more transparent market-based pricing regime," Mr. Shah said.
More...ues relating to the welfare not only of the working classes but also people at large. These include demands on which there could be no disagreement. "Demands for concrete measures for containing Inflation, for generation of employment opportunities, for strict implementation of labour laws, are unexceptionable." Dr. Singh claimed that the government had created 20 million additional jobs during 2004-05 and 2009-10. The unemployment rate
More...mer crop, is estimated to increase by a little more than 8% this year on expectations of normal monsoon rains, boosting hopes of a recovery in Asia's third largest economy and a decline in food price Inflation. The kharif crop may improve by 8.1% to 135 million tonnes (mt) in the kharif season starting in July, according to a press release by the National Collateral Management Services Ltd, a private warehousing and weather data analysis company,
More...nt of the country's gross domestic product (GDP), as 70 per cent of the farm lands are rain dependent. It also should help contribute to the overall economic growth while easing concerns on food Inflation, which has reversed the trend recently. The IMD is expected to gather data till May-end before making the region-wise prediction some time in early June. The South Asia Climate Outlook Forum (Sascof) at its recent summit in Kathmandu h
More...the case of rice. In 2006-07, the total amount of wheat in the open market stood at 62.1 million tonnes. By 2011-2012, this had dropped to 61.4 million tonnes. And that explains the high cereal Inflation of 16.65 percent in April, 2013. If food security becomes a right, the government will need to buy more rice and wheat than it currently is doing, and that will mean lesser amount of rice and wheat for the open market - as has been the case over
More...hort run, with as many rounds of austerity as required. Resorting to short-term measures such as enhanced government spending would, by delivering unsustainable deficits and public debt and high Inflation, only muddy the water. A ‘structural problem' If austerity does not work, as evidence from Europe and elsewhere makes clear, it must be because countries are not being austere enough. The result of that perspective has been
More...-CNN-IBN New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, Inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural Inflation was also seen going down at 9.16 per cent as compared to 10.41 per cent in March. Food prices for consumers rose an
More...with the challenges that India faces in the next phase of its economic development. In the short-term there are issues related to the ongoing imbalances (current account and fiscal deficits, and high Inflation) and matters of investor confidence that need to be dealt with in order to return to higher growth rates. In the medium-term it is necessary to deal with the continuing overall human development and gender development deficits. Will the demograp
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