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LATEST NEWS UPDATES | Government slams ‘factually incorrect’ Assocham wheat report -Vishwa Mohan

Government slams ‘factually incorrect’ Assocham wheat report -Vishwa Mohan

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published Published on Mar 19, 2016   modified Modified on Mar 19, 2016
-The Times of India

NEW DELHI: The government on Saturday slammed the country's trade association Associated Chambers of Commerce of India (Assocham) for releasing a "factually incorrect" report estimating lower wheat production in India and said "such incorrect information is being publicized with a view to compel government to reduce import duty on wheat."

The Associated Chambers of Commerce and Industry of India (Assocham) recently came out with a paper, claiming that the country faces shortfall in wheat production by around 13 million tonnes from the initial estimates of 93.8 million tonnes in the current crop year and the development may force the government to consider imports of the staple grain as well.

Outrightly rejecting such claim, Union agriculture minister Radha Mohan Singh said, "The recent untimely rains and hailstorm in some parts of the country have caused some damage but, as per present assessment (made by the government agencies), production of wheat in the country would still be around 92-93 million tonnes which is substantially higher than the wheat production of 86.53 million tonnes during 2014-15."

Allaying apprehension on spike in the food inflation, Singh said, "The the present stock of wheat with the Food Corporation of India (FCI) is higher than the stocking norms. Against the stocking norm of 7.6 million tonnes as on April 1, the present stock of wheat in the central pool is 13.5 million tonnes."

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The Times of India, 19 March, 2016, http://timesofindia.indiatimes.com/business/india-business/Government-slams-factually-incorrect-Assocham-wheat-report/articleshow/51471875.cms


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