Niti Aayog member Ramesh Chand says continuing the free grain programme under the Pradhan Mantri Garib Kalyan Ann Yojana beyond December will put a huge burden on government finances and also fuel price pressures. In an interview to TOI, Chand says tightening money supply can impact overall growth, including the farm sector. Excerpts:
When do you expect food prices to ease, particularly cereals and vegetables?
They have already started easing. Despite unseasonal rains towards October-end, inflation in vegetable and cereal prices has fallen. Most of the food inflation in the country is attributable to the international price situation of food and fertiliser. As long as international prices remain high, Indian prices will remain under pressure. The government is keeping a close eye on international prices and prompt actions like changes in tariff and export/import easing/tightening are taken to minimise impact of high volatility in international prices on domestic prices.
What is the long-term solution for high food prices?
This story is from the November 18, 2022 edition of The Times of India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 18, 2022 edition of The Times of India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Song and dance there, but where is Brazil's soul?
From swooning over the twirling foot of Richarlison the other day, to fretting over the ankle of Neymar, it is back to business for Brazil. Gone is the exultation to dance and express themselves.
Marriott to reach 200-hotel mark in India by 2025 from current 134
American hospitality major Marriott International — the group with the largest number of branded hotel rooms in India at about 26,000 — has drawn up very ambitious growth plans for the country.
India's visually-impaired players dribble, debate on and off field
Take 20-year-old Shivam Negi for instance. A member of the national blind football team, Negi along with three other NIEVPD students is ardently following the matches by listening to live commentary.
SIPS eating into luxe car sales: Merc
‘MF Investments Reducing Disposable Incomes Of Indians’
Fury's Ground Xiro
Xi's zero-Covid policy has angered ordinary Chinese as never before. A dangerous moment for the state
Trump faulted for dinner with white nationalist, rapper Ye
The sportswear manufacturer has also launched a probe into his conduct.
Blank sheets of paper become symbol of defiance
Chinese protesters have turned to blank sheets of paper to express their anger over Covid-19 restrictions.
Can't deny mediclaim to a vegetarian, insurer told
Dietary Habit Not Patient’s Fault: Consumer Body
Thakur: Will host 'grand Olympics' in Gujarat in future
Union sports minister Anurag Thakur on Sunday said Gujarat will host a “grand Olympics” sporting event in the future.
Will restore old pension scheme in Guj: Kejriwal
He also urged government employees in the state to back AAP while promising implementation of the old pension scheme for them by January 31, 2022.
