THE government on Thursday raised the minimum support price of paddy by Rs 50 per quintal to Rs 1000 per quintal in what may push up its food subsidy bill, pegged at Rs 5 5,578.18 crore in the current fiscal. The Cabinet Committee on Economic Affairs chaired by Prime Minister Manmohan Singh also increased the minimum support price of pulses by up to Rs 700 to touch Rs 3,170 a...
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A potato remade for industry has some Swedes frowning by John Tagliabue
Amflora is a kind of miracle potato: it is precious to the starch industry. Johan Bergstrom, a blond and boyish man of 31, who farms here with his father, reached into the dark, soft soil and extricated a tennis-ball-size potato, holding it gently so as not to snap off any of a half-dozen white shoots that were growing out of the potato's eyes. He advised against tasting the potato, whose...
More »No hike in support price for cotton
The reported decision of the Cabinet Committee on Economic Affairs taken at a meeting, chaired by Prime Minister Manmohan Singh, to keep the minimum support price of cotton unchanged for kharif season 2010-11 has left three million growers of the state unhappy. Vidarbha Jan Andolan Samiti president Kishore Tiwari said, "The prices were last revised in 2008-09 and during election year it were raised to Rs 3,000 a quintal more...
More »Free power emptying Punjab groundwater: Montek by Priyadarshi Siddhanta
The Punjab government’s policy to provide free power to the farm sector has led to alarming depletion of its groundwater besides unleashing a huge power subsidy burden of more than Rs 3,000 crore, the Planning Commission has said. The Commission has asked the SAD-BJP government in the state to do away with free power to the sector and begin charging “appropriate tariff” for it. In a letter to Punjab Chief...
More »WTO Delegates Perform Cotton ‘Ritual’
WTO Director-General Pascal Lamy told trade delegates in a fax on 12 May that cotton has become a “litmus test” for the “development dimension” of the Doha Round. At a recent review of the issue’s standing in WTO talks, some countries, such as Tanzania, alleged that no progress has been made since 2005. Leonce Kone, the trade minister from Burkina Faso - a cotton-exporting Least Developed Country (LDC) - joined Geneva-based...
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