An inter-ministerial group set up by the government to keep a watch on inflation and suggest measures has reiterated the need to revise the mandi law that prevents competition among buyers for farm produce. The group headed by chief economic advisor Kaushik Basu said the Agricultural Produce Marketing Committee (APMC) Act needed to be revised to encourage competition among traders and promote efficiency in retailing. Kishore Biyani , Chairman, Future Group...

Kerala Chief Minister V S Achuthanandan today welcomed the Kerala High Court ruling setting aside the Election Commission (EC) order restraining it from extending the scheme to provide rice at Rs. 2 per kg to fresh beneficiaries. In a statement here today, Achuthanandan said Opposition leader Oommen Chandy "should apologise" to the people for allegedly trying to scuttle the scheme. The EC had in a letter to the Chief Minister mentioned that...

The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...

Stating that about 70% of the farming community in the country is still out of the reach of banks, MP Pralhad Joshi said co-operative banks should try to bring more farmers under the banking network, thereby giving a boost to the agricultural sector. Speaking at the 75th anniversary celebrations of Hubli Primary Co-Operative Agriculture and Rural Development Bank here on Sunday, he said whatever financial facility the government is extending towards...

The villagers under Luing Perbing Gram Panchayat have complained of non-payment of wages under Mahatma Gandhi National Rural Employment Guarantee Act for the past three months. The villagers have complained to the local media that the payment of the wages have been entrusted to a company “Calance”, which has failed to pay more than 200 workers since December. The villagers have also accused the company of not returning their bank cards that...