Current & Waves

Food security bill is a good attempt by the government to ensure food and nutritional security to all. The bill is designed to extend subsidized food to pregnant women and children under the age of 16. The bill will ensure the security to almost 67% of population at the subsidized rate of Rs. 1-3. The eligible population will get 5 kg in total of rice, wheat, pearl millet and sorghum per month. Rice @ Rs. 3/kg, Wheat @ Rs. 2/kg and coarse cereals @ Re 1/kg. Being a nationwide project it will cost from 0.8% to 1.1% of GDP. The government says it will provide 62 million tonnes of food a year under the bill and the size of the subsidy is estimated around $24 billion. Now the population is increasing geometrically, value of currency is declining, inflation is increasing so the operating cost will also increase. These all means more expense on subsidy annually. Down the line viability of this project seems under the banner of question mark. Not only the budget part its implementation ...

Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.   (Unknown) A  warehouse  is a  commercial building  for storage of  goods . Warehouses are used by  manufacturers ,  importers ,  exporters ,  wholesalers ,  transport  businesses,  customs , etc. They are usually large plain buildings in industrial areas of cities and towns and villages(Source- Wikipedia). This is the simple definition of warehouse, but its importance and working system is not that plain. It helps all segments of market right from producer to consumer.  Farmers usually don't get the price which they should get. In lump sum we can say the return on investment part for farmers in most of the cases has been discouraging. Why does such problem occurs?  The main reason is glut of farm produce, which mismatches the demand and supply.  What could be the possible so...

India has emerged as the fifth most favourable destination for international retailers, according to A T Kearney's Global Retail Development Index (GRDI) 2012. "India remains a high potential market with accelerated retail growth of 15-20 per cent expected over the next five years," highlighted in the report.  The Indian retail industry is pegged at US$ 500 billion and is expected to reach US$ 1.3 trillion by 2020.    In addition, the organised retail is expected to reach 25 per cent by 2020, as per the report of PwC. You cannot fly like an eagle with the wings of a sparrow. The much-awaited entry of foreign retail giants such as Walmart, Tesco and Carrefour into the $450 billion retail market has been allowed by Govt. through 51% FDI in retail sector. That's a welcome step and as an economist Mr. PM should have taken this step long before. Decision taking has been so easy for this Govt. but execution is stiff challenge. Needless to mention the Congr...