Raises support price by Rs 380/qtl; marginal rise for wheat. Pulses saw the highest rise of Rs 340- 380 per quintal in minimum support price (MSP), the government announcing these for the current rabi season. The decision is in line with government efforts to increase their sowing, to meet the increasing demand for the crop. The MSPs of masur and chana were increased by Rs 380 per qtl and Rs 340 per...

Arcelormittal’s plans to set up a six million tonne per annum (mtpa) steel plant in Bellary district of Karnataka is on track, with farmers coming forward to accept the compensation package for land acquisition. The world’s largest steel producer had zeroed in on Kuditini in Bellary district to set up its plant and laid out a land requirement of around 4,000 acres. However, these plans were opposed by some farmer groups...

The government on Wednesday hiked the sugar production estimate for the 2010-11 marketing year (October-September) to 24.5 million tonnes (mt) from 23 mt earlier. "This will be the best year in terms of sugar production and productivity... The production this year will be in the range of 24-24.5 million tonnes," food, PDS and civil supplies minister Sharad Pawar said. The current government estimate is virtually on par with that of the...

The Central Vigilance Commission has received complaints that put the cumulative value of alleged corruption in projects related to the Commonwealth Games between Rs 5,000 crore and Rs 8,000 crore. Sources said the complaints included payment to non-existent parties, wilful delay in execution of contracts, inflated prices and bungling in purchase of equipment through tendering. “The total misappropriation amount may touch a figure of Rs 5,000-8,000 crore. The commission is still awaiting reports...

Asia Pacific nations agreed on Sunday to boost the region’s agricultural productivity through technology transfer and information sharing as climate change and a fall in arable land threaten future food supplies. The 21-member countries of the Asia Pacific Economic Cooperation (Apec) also called for “responsible” agricultural investment as rising acquisition of farmland in developing countries by other nations to ensure their own food supplies is causing friction with local people. “Climate change...