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Panel set up to review MSP, bonus for pulses

-The Economic Times NEW DELHI: The government has set up a committee to review the minimum support price (MSP) and bonus for pulses to promote cultivation of the staple commodity which has seen a fresh spike in prices. The decision came after an inter-ministerial review meeting headed by finance minister Arun Jaitley on Monday that was attended by food minister Ram Vilas Paswan and urban development minister M Venkaiah Naidu. The Chief Economic...

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Govt to hike pulses buffer stocks by over five times in bid to tame rising prices -Sayantan Bera

-Livemint.com At present, the government procures about 1.5 lakh tonnes of pulses, and this will be enhanced to eight lakh tonnes New Delhi: In a significant decision to tame rising pulse prices, the Centre has decided to raise buffer stocks by over five times. At present, the government procures about 1.5 lakh tonnes of pulses, and this will be enhanced to eight lakh tonnes. The decision was taken at a high-level meeting...

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Centre plans to import pulses to check prices

-The Hindu Finance Minister Arun Jaitley, on Wednesday, held an inter-ministerial meeting to discuss the spiralling prices of food and carve out a strategy to cool inflation. Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, Commerce Minister Nirmala Sitharaman and Urban Development Minister Venkaiah Naidu attended the meeting. Chief Economic Advisor Arvind Subramanian was also present. During the meeting, discussions were held to devise ways to meet the gap between demand...

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MSP of pulses and oilseeds hiked to motivate farmers

-The Times of India New Delhi: Aiming to motivate farmers to grow more pulses, the government on Wednesday hiked the minimum support price (MSP) of arhar, urad and moong by up to Rs 425 per quintal for the kharif season starting September. It also announced bonus on oilseeds while making a modest increase of Rs 60 in paddy MSP to Rs 1,470 per quintal. Both agriculture minister Radha Mohan Singh and consumer...

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Poor rainfall behind costly pulses: Paswan

-PTI Lucknow: Seeking to deflect Opposition attack over high prices of pulses, Union Food Minister Ram Vilas Paswan on Sunday attributed it to poor rainfall and reduced imports during the last two years. “Several factors have led to the rise in price of pulses. Rainfall was low during the last two years, causing damage to crops. Besides, import was less,” he said at a press conference here. Paswan said last year, pulse production...

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