Edible Oils


    Commentarao S.L. Rao Results first Subsidies have been the albatross around the necks of finance ministers, from Manmohan Singh in 1991 to P. Chidambaram today. These have constrained the freedom to invest in agriculture and in infrastructure, both physical and social. This has resulted in increased inequalities in sectoral growth in the economy. Chidambaram produced a paper to show the insidious effects of subsidies. Yet he, like his prime minister, has been unable to take any corrective action.

  • East or West, Delhi is best, says Sheila

    Compared with all other metropolitan cities in the country, Delhi is by far the cheapest to live in, claimed Chief Minister Sheila Dikshit on Monday. Reeling off a series of figures to buttress her claim, Ms. Dikshit said while the annual rate of inflation at the national level during 2007 was 6.5 per cent, it was just 4.9 per cent in Delhi. "The rate of inflation this past year was much lower in Delhi compared with other metropolitan cities. While Kolkata recorded 9.1 per cent inflation, Chennai and Mumbai recorded 5.1 per cent and 6.3 per cent respectively,' she added.

  • PDS edible oil sale from July

    Aarti Dhar Edible oils will be sold at subsidised rates through ration shops from the next month. The announcement, made by Union Agriculture Minister Sharad Pawar during the budget session, envisages distribution of 10 lakh tonnes of imported edible oils in 2008-09 at a subsidised price of Rs.15 a kg. The subsidy will be to the tune of Rs. 1,500 crore. Every cardholder can buy one kg a month, according to an official release issued here on Friday by the Consumer Affairs and Public Distribution Ministry.

  • Rice, lentil, oil prices increase

    The prices of coarse rice, lentils, edible oil and some spices increased and sugar price declined in the city in a week. Market sources said poor supply from mills and the closure of the BDR-un OMS outlets instigated the fresh round of increase in rice prices. Lentil prices increased after a price increase at import sources and edible oil prices registered a rise as

  • Electric Car Hits The Road In Fuel-Starved Gaza

    A Palestinian-designed electric car drew admiring stares on Tuesday from Gazans forced to use cooking oil to power their cars because of a fuel shortage. "At first people laughed, saying it would not work, now people are begging us to convert their cars," said Fayez Amman. Working with fellow electrical engineer Wasim al-Khuzundar, Amman hooked up an engine to 32 batteries. Driving their small car through the streets of Gaza City, they said the vehicle could travel up to 200 km (120 miles) on a single charge.

  • Govt eases norms for PSUs to reduce food import bill

    THE government has amended rules related to public sector imports to ensure swift sourcing of essential commodities, such as rice and wheat, to rein in prices. The move would allow public sector companies to contract commodities from the global market without having to go through elaborate tendering process. The move to this effect has been cleared by a committee of secretaries (CoS) headed by cabinet secretary K M Chandrasekhar.

  • State should tackle price rise: Minister

    The onus is on the State government to effectively introduce measure to curb the price rice, Union Minister of State for Planning and Parliamentary Affairs V. Narayanasamy has said.

  • Poor bear full brunt of food price inflation: BB research

    The poor experience higher rates of inflation than the rich and bear the full brunt of the scourge as they spend the lion's share of their incomes on food and have little money left for other needs. Soaring food prices affect the poor people's welfare seriously, said a Bangladesh Bank research paper, stressing the need for a pro-poor monetary policy and comprehensive strategies for boosting farm outputs, creating jobs and widening social safety-net schemes.

  • Stall your trip to the ration shop!

    IF you are expecting supply of dal, rice and edible oil through a friendly neighbourhood ration shop from May 1, as assured by the State Government earlier, you better forget it. The government will not be able to meet the pre-announced date for supply of essential commodities through the public distribution system as the tender worth Rs 600 crore to replenish the stocks has been scrapped following allegations of irregularities and favouritism.

  • Why inflation is not checked?: Adopt measures to check inflation

    Inflation continues unabated. In the last week of March it stopped at 7.14 per cent and swinging in April it reached up to 7.33 per cent. Government adopted several measures but it did not make any difference. Inflation lowered a little and again it started rising. Reserve Bank of India on Tuesday might take some steps in this direction. But only through mechanism it can not be checked. Because finding its root cause and effort to remove it necessary. Prices of daily consumable items are going up continuously and even after sufficient availability of food grains they are becoming dearer.

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