With the government successfully managing to partially lighten its burden by switching over to a nutrient-based subsidy scheme for fertilizers, the Economic Survey has now raised questions on the impact that food, fertilizer, kerosene and diesel subsidies have on poverty eradication. Instead, it has pitched for direct subsidy to the poor instead of price control, ostensibly to reduce diversion to the open market, leakage and adulteration. “The impact of these [food, fertilizer,...

Union ministers may be squabbling heatedly over whether the moratorium on Bt Brinjal was right or wrong, but trade associations related to soya, a commodity which has been virtually swamped by the GM variety worldwide, are clear that the growing agri-biotech bandwagon has opened up immense new opportunities for safer, traditional, non-GM soya varieties. The Soy Food Promotion and Welfare Association announced the launch of a two day International Soy...

The special meeting of Chief Ministers convened by the Centre indicates that food price inflation remains worrisome. But at the meet the problem was underplayed and little of substance emerged.  With food price inflation still running at close to 18 per cent, the UPA government at the Centre has been forced to recognise that it constitutes a problem that deserves as much or more attention than the objective of achieving...

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs.1.15 crore from its Farmers Technology Transfer Fund to the National Agro Foundation (NAF), NABARD’s Managing Director K.G. Karmakar announced on Saturday. Speaking at a function in Illedu village, Kancheepuram, to observe the birth centenary of the former statesman, C. Subramanian, he said the funds had been sanctioned to the NAF to help farmers access new technologies. NABARD was interested...

The price of many commodities are expected to rise this year primarily fuelled by increased demand worldwide, the International Monetary Fund has said. The demand for commodities is anticipated to grow as the global economy is improving, after witnessing one of the worst financial meltdowns in 2009. "Looking ahead into 2010, prices of many commodities are likely to increase further. The demand side should generally be the main source of...