-The Hindu Cabinet announces relief, rules out MSP HUBBALLI (Karnataka): The State Cabinet on Wednesday ruled out the possibility of a minimum support price (MSP) for onion while announcing a compensation of Rs. 9,000 a hectare for crops damaged due to rains in Chitradurga, Davangere, Gadag, Dharwad and Bellary districts. This has come on the heels of growers protesting crashing prices of their produce. A macro view of market scenario shows that fluctuations...
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Eleven new varieties of paddy being researched in Margao -Govind Kamat Maad
-The Times of India Margao: Perhaps for the first time since it was established in 2006, the Krishi Vigyan Kendra (KVK) of the Indian Council of Agricultural Research (ICAR) in Margao, has undertaken demonstration of newer varieties of paddy in its farm on a large scale, thereby signifying its shift from its earlier role of sustaining and supporting agriculture in the state to research and innovation. In all, 11 new varieties of...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
More »Wrong numbers: Attack on NREGA is misleading
-The Times of India Jagdish Bhagwati and Arvind Panagariya, hereafter BP, have argued for phasing out the National Rural Employment Guarantee Act in favour of cash transfers ("Rural Inefficiency Act", ToI, 23 October). It's surprising-and amusing-that two eminent economists have chosen to make a case based on prior beliefs and some sophomoric wordplay ('mis'leading economists), rather than on the available evidence. A survey by one of us of the empirical literature...
More »State bid to boost potato production
-The Times of India BHUBANESWAR: With high price of potato continuing to hit consumers hard, the state government has started taking several initiatives to tackle the crisis and increase production. A meeting, chaired by chief secretary G C Pati on Wednesday, chalked out strategies to create a buffer stock of 4 lakh Quintal of potato to meet crisis situation. He attributed high price of potato to short supply from West Bengal. Potato is...
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