-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...
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PM expresses concern over high import bill of edible Oils, fertilisers; calls for action in mission mode
-PTI/ The Tribune Says out of total imports, maximum is spent on edible Oils, fertilisers and crude Oil New Delhi: Prime Minister Narendra Modi on Monday expressed concern over India’s high import bill for edible Oil, fertilisers and crude Oil, and said there is a need to work in a mission mode to make the country self-reliant and reduce import dependence. With international energy prices soaring after the Russia-Ukraine War, India will spend...
More »Government to launch Oilseed mission -Gireesh Chandra Prasad
-Livemint.com The government had to lower the import duty on edible Oils several times in recent months to tame food inflation NEW DELHI: The government is set to launch an Oilseed mission to boost domestic production of Oilseeds and reduce import dependence, said NITI Aayog member, agriculture, Ramesh Chand. India currently makes around ₹1 trillion worth of edible Oil imports every year or nearly half of its demand. The proposed scheme was devised after...
More »Govt’s Bizarre Plans of Dealing With Looming Food Grain Crisis -Subodh Varma
-Newsclick.in Privatisation of grain procurement and cap on procurement subsidies are among the ideas being floated. Amid a slew of worrying news on the food grain front, the Narendra Modi-led government not only appears to be strangely cool, but it is also throwing up bizarre proposals to change the whole procurement-distribution system. This could be the famous ‘using a crisis as an opportunity’ mode of thinking that has led to catastrophic effects...
More »Why volatile food prices will keep the heat on India’s consumer inflation level this year -Radhika Pandey
-ThePrint.in Lower rainfall in some parts of the country is expected to keep food prices elevated in the coming months. Which means inflation will be above 6%. India’s retail inflation surged to 7 per cent in August from a five-month low of 6.7 per cent in July. Food, which accounts for nearly half of the Consumer Price Index (CPI) basket, grew 7.62 percent as against 6.69 per cent in July. While the...
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