-The Business Standard Of all the measures in the final Union Budget and Rail Budget for 2014-15, the micro-interventions that address food inflation by dismantling supply-side barriers are the most important. They carry added significance in a year when the monsoon has been deficient in a wide swathe of the western and northern parts of the country. The promise to bring down the hold of wholesale warlords in the Agricultural Produce Marketing...

-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

-Mail Today   New Delhi: And this dread scenario could well unfold, with the Met prediction of a below-normal monsoon on Monday being underlined by Earth Sciences Minister Jitendra Singh who admitted that the forecast is of below-average rainfall. Precipitation in the June-September period is expected to be between 90 and 96 per cent of the long-term average, added the minister. What he didn't say was that the India Meteorological Department...

-The Times of India   NEW DELHI: The Narendra Modi government officially acknowledged that it is gearing for its first big test with the Met downgrading its monsoon forecast from 95% to a likely 93% of the long period average rainfall. "The government is alert about the possibility of a subnormal monsoon this year and contingency plans are being prepared," President Pranab Mukherjee said in his address to Parliament on Monday. The official word...

-The Hindu     Interest subvention retained, rice storage exempt from service tax Lauding the "stellar performance" of the agriculture sector, Union Finance Minister P. Chidambaram on Monday announced a farm growth of 4.6 per cent in the current year, up from 3.1 per cent achieved during UPA-I. He said the government set an agriculture credit target of Rs. 8 lakh crore for 2014-15, against Rs.7.35 lakh crore expected this year. The Interest Subvention Scheme for...