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Zia Haq

Zia Haq reports on public policy, economy and agriculture. Particularly interested in development economics and growth theories.

Articles by Zia Haq

Govt likely to sweeten deal in national pension scheme

NPS allows pensioners to withdraw 60% of the corpus at time of retirement (tax free), and buy an annuity for remaining 40%, payments from which are taxable.

Under the current national pension scheme, nearly 8.7 million federal and state-government employees contribute 10% of their basic salary, while the government pays 14%. (Representational Image)
Updated on Oct 18, 2023 04:51 AM IST

India extends curbs on basmati export, traders unhappy

India will continue to apply a minimum export price of $1,200 per tonne on basmati price to curb overseas shipments, according to a notification on Sunday

India extends curbs on basmati rice, according to a notification on Sunday. (AFP)
Updated on Oct 17, 2023 07:20 AM IST

Retail inflation slows to a three-month low of 5.02%

Food and beverage inflation rose 6.3% in September, the slowest pace in a quarter, compared to a rise of 9.19% in August

Since food commodities have been the main driver of prices, much will depend on output of key summer-sown commodities, such as rice and pulses (HT File Photo)
Updated on Oct 12, 2023 06:26 PM IST

Increase in farm insurance enrolments for two years in row

The PMFBY is the country’s main subsidized crop insurance scheme, where farmers pay between 1.5% and 2% of the premium, depending on crop cycles

A latest review of the Pradhan Mantri Fasal Bima Yojana by the farm ministry, up until the current summer cropping season, shows an increase of 22% in the number of enrolled cultivators at 24.9 million (Reuters)
Updated on Oct 11, 2023 06:46 AM IST
By, New Delhi

Unemployment rate dips to a year’s low of 6.6% in April-June 2023: Official data

The labour force participation rate (LFPR) is at a four-quarter high of 48.8%, compared to 47.5% in the same quarter of the previous year

Youngsters do physical exercises for upcoming 'Agniveer' recruitment rally near the International Border in Ranbir Singh Pura (PTI File Photo)
Updated on Oct 09, 2023 07:14 PM IST

Prices of pulses soar on smaller crop, keep pressure on supplies

A group of commodities from summer harvesting, such as pulses, could keep household spending on food items high,early market trends show.

Battling high food inflation, the government has invoked a series of measures to boost supplies and stabilise prices. (AFP)
Updated on Oct 07, 2023 02:27 AM IST

RBI keeps rates steady at 6.5%, warns of inflation risks

RBI’s monetary policy broadly remains pivoted on “withdrawal of accommodation”, the governor said, meaning it will be focussed on curbing money supply in economy to control inflationary pressure

The central bank had hiked the repo rate by 250 basis points to 6.5% between May 2022 and February 2023. (File photo)
Published on Oct 06, 2023 10:45 AM IST

30% year-on-year increase in farm fires in northern India, reveals govt data

The national capital particularly witnesses severe levels of pollution and smoke from crop-residue fires.

By November, fire incidents increase to nearly 60,000, according to data from past years. (ANI)
Updated on Oct 06, 2023 05:01 AM IST

After wheat and rice, India likely to curb sugar export

Scanty rainfall in sugarcane-growing states, and a policy target involving ethanol means the government might add a notch to the belt to curb inflation

Domestic sugar prices have risen by about 3% over the past month, according to official figures, although they are nearly 40% lower than global prices currently.(HT/ PHOTO)
Published on Oct 05, 2023 10:25 AM IST

Centre allocates 600 crore to curb stubble burning

Punjab and Haryana, the states with the highest number of farm fires, have already received ₹200 crore as the first installment.

The Centre will work on achieving zero burning and will focus on the supply side of stubble for productive use. (Sameer Sehgal/ HT Photo)
Updated on Oct 05, 2023 04:59 AM IST

Union cabinet clears new terms to decide Telangana water share

The council of ministers signed off on new terms of reference for the Krishna Water Disputes Tribunal-II to adjudicate on what should be the amount of water Telangana should be able to draw from the Krishna Basin

Union minister Anurag Thakur (File Photo)
Published on Oct 04, 2023 06:20 PM IST

Mughal-era practice behind unclear food output estimates?

India's government has admitted that its estimate of wheat output for the 2022-23 season is under dispute, with grain traders arguing that production could not have been more than 102-103 million tonnes, compared to the government's estimate of 112-113 million tonnes. The discrepancy has led to high cereal inflation in the country, despite expectations of falling prices and substantial state-held stocks. The government is now planning to use technology-driven models to improve its crop estimates and ensure more accurate data in the future.

HT Image
Updated on Sep 30, 2023 11:57 PM IST
By, New Delhi

Follow directive on release of Cauvery water to TN, panel tells Karnataka

A top panel mandated to oversee sharing of water between Karnataka and Tamil Nadu asked the former to follow directions issued earlier by a regulatory body.

Kannada activists burn an effigy of Tamil Nadu chief minister M K Stalin, in Karnataka’s Chikmagalur, on Friday. (PTI)
Updated on Sep 30, 2023 08:37 AM IST
By, New Delhi

Cauvery dispute: Row deepens as Karnataka asked to release 3000 cu water to TN

On September 26, the Cauvery Water Regulatory Committee (CWRC) had asked the Karnataka government to release 3000 cusecs water per second to its neighbour from September 26

The Cauvery interstate basin originates in Karnataka and threads its way through Tamil Nadu and Pondicherry (File Photo)
Published on Sep 29, 2023 05:21 PM IST

At heart of Swaminathan’s work, dignity of labour, and life, to India’s farmers

Swaminathan ushered in India’s Green Revolution in late 1960s by massively ramping up cereal production by collaborating with US farm scientist Norman Borlaug.

Agriculture scientist MS Swaminathan known as father of India’s Green Revolution died in Chennai at 98 (PTI)
Updated on Sep 29, 2023 04:44 AM IST
By, New Delhi

M.S. Swaminathan: Agriculturalist who sparked a revolution dies at 98

Swaminathan, the recipient of the Padma Vibhushan, and the World Food Prize, widely known as the father of the Green Revolution, died in Chennai on Thursday.

Swaminathan was a renowned agricultural scientist who revolutionised India’s farming. (AP file photo)(HT_PRINT)
Updated on Sep 28, 2023 09:23 PM IST
By, New Delhi

MS Swaminathan, the father of Green Revolution, dies

In the late 1960s and 1970s, the agriculturalist was instrumental in bringing industrial farming to India, making the country self-sufficient in food and reducing widespread hunger

Swaminathan was a renowned agricultural scientist who revolutionised India’s farming. (AP file photo)
Updated on Sep 28, 2023 05:06 PM IST

Steps to curb inflation cost farmers 45, 000 crore: Study

Indian farmers have lost at least INR 450bn ($6bn) in income this year due to measures implemented to curb inflation, according to a paper by economists at the Indian Council for Research on International Economic Relations. High inflation, largely driven by food prices, has led the government to impose restrictions on the trade of food commodities and introduce export taxes, reducing farmers' incomes. The government has underestimated the impact of these measures, with the price of cereals remaining high. A deficient monsoon has also raised concerns over a fall in food output, particularly of pulses, sugar and oilseeds.

Steps to curb inflation cost farmers <span class='webrupee'>₹</span>45, 000 crore: Study
Updated on Sep 28, 2023 09:58 AM IST

India to ship rice to UAE, 4th country to get grain since export ban

India, the world’s largest exporter of rice, barred overseas sales in July to cool high cereal inflation, which continues to be in double digits

Rice prices in Asia rebounded on escalating concerns around supply as top exporter India implemented more restrictions on its shipments (Bloomberg File)
Updated on Sep 26, 2023 06:30 PM IST

Govt extends stock holding limits for pulses till December 3

A deficient south-west monsoon due to the El Nino weather pattern has shrunk the area sown with various types of widely consumed pulses

In June, to ease supplies of pulses amid high inflation, the Centre had imposed caps on the quantity of two widely consumed variety of pulses -- tur (pigeon pea) and urad (black gram) – that traders were allowed to store, a measure known as stockholding limits. (Bloomberg)
Published on Sep 26, 2023 12:55 AM IST

Centre imposes harsher measures to prevent pulses hoarding

Stock limits, imposed under the Essential Commodities Act, ensure traders and wholesalers can’t hold more than the prescribed quantities of a commodity, thereby minimising the scope of hoarding to inflate prices

n June, to ease supplies of pulses amid high inflation, the Centre had imposed caps on the quantity of two widely consumed varieties of pulses – tur (pigeon pea) and urad (black gram) (Representative Photo)
Published on Sep 25, 2023 07:54 PM IST

As rains revive, paddy sowing hits record

Paddy acreage is 2.7% higher than the corresponding period of last year and 3% higher than the normal area as calculated by the agriculture ministry.

The area under kharif or summer rice has expanded to a record 41.15 million hectares as on September 22. (HT Archive)
Updated on Sep 24, 2023 05:03 AM IST
By, New Delhi

Strain in ties with Canada could impact import of lentils, say traders

Diplomatic tensions between Canada and India may impact the import of lentils from Canada, as traders look to shift to Australia.

A shopkeeper selling pulses waits for customers at a market in Rawalpindi on June 1, 2023. (Photo by Farooq NAEEM / AFP) (AFP)
Updated on Sep 22, 2023 06:35 AM IST

India likely to achieve its rice output goal for kharif season

The country is likely to achieve its rice-output target of 111 million tonnes during the ongoing kharif or summer-sown season, senior farm ministry official said

Indian is likely to achieve its rice-output target during this kharif season, say a senior farm ministry official. (HT Archive)
Updated on Sep 20, 2023 12:44 AM IST

House bids adieu to grand rotunda

Modi leads tributes as mother of democracy spends last day in old home, sets sights on a historic beginning in new Parliament building

HT Image
Published on Sep 19, 2023 12:10 AM IST
By, New Delhi

PM Modi makes major conciliatory speech as nation transitions to new Parliament

Future proceedings of Parliament will commence from a modern building complex, next to the old one, which PM Narendra Modi had inaugurated in May this year

The PM Modi-led government has called a special session from September 18 to September 22. (PTI Photo)
Updated on Sep 18, 2023 03:22 PM IST

Reforms needed to fix volatility in prices of tomato, onion and potato

Tomatoes have gone from being pricier (per kg) than petrol (per litre), to being cheaper than packaged water at the wholesale level

Food policies that are less restrictive and more investment friendly can help minimise post-harvest losses by creating the infrastructure needed to store and process perishables, analysts say. (REUTERS)
Updated on Sep 16, 2023 01:59 AM IST
By, New Delhi

Analysis: 15 years after Lehman, have we learnt the lessons?

The Subprime mortgage crisis, which sparked the 2008 crisis, refers to subprime borrowers of home loans. Some borrowers were labelled “Subprime” because of their risky creditworthiness

Collapse of Lehman Brothers took place in 2008 (Representative Photo)
Published on Sep 15, 2023 01:34 PM IST

Centre rolls out measures to curb cereal prices

The food secretary said the government expected a bumper rice crop despite a patchy monsoon because of robust acreage.

A number of anti-inflation measures over the past several hasn’t stamped out food inflation, especially in cereals. (Reuters file photo)(HT_PRINT)
Updated on Sep 15, 2023 01:41 AM IST
By, New Delhi

Govt announces more stringent measures to tame food prices

Union food secretary Sanjeev Chopra said there was sufficient availability of key commodities but there were attempts to create artificial scarcity

Workers fill sacks with wheat at the market yard of the Agriculture Product Marketing Committee on the outskirts of Ahmedabad (REUTERS FILE PHOTO)
Published on Sep 14, 2023 06:34 PM IST
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