The government today revised upward its estimate for foodgrain production at 218.20 million tonnes (mt) in the 2009-10 crop year. The upward revision came even as the estimates for output of rice, wheat and pulses were revised downward for the year. Even as the foodgrain production in 2009-10 is expected to surpass its earlier estimate, it continues to be lower than the output of 234.47 mt achieved in 2008-09. The fourth...

Centre to notify revised poverty estimates to States soon The Union government will soon notify the revised poverty estimates on the basis of which States can undertake proper identification of beneficiaries under the public distribution system (PDS). This will include a massive exercise to include eligible beneficiaries and weed out the ineligible ones through use of biometric technology, which will replace the manual system of identification. Planning Commission Deputy Chairman Montek Singh...

Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred  The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...

The Maharashtra government may intervene to make farmers accept a lower price for sugarcane supplied to mills, given the way these have gone out of line with current market prices. Chief Minister Ashok Chavan has convened a meeting on Thursday with mill representatives on the issue. With the current cane prices of Rs 240-250 a quintal delivery at the mill gate, the cost of sugar production comes to around Rs 2,700...

The Right to Education, in effect since April 1, is set to cost the Centre a staggering 2,31,000 crore over the next five years according to fresh estimates. Previous estimates drawn up by National University of Education Planning & Administration (NUEPA) — the basis of financial planning for the RTE’s provisions so far — had pegged the requirement at Rs 1,71,000 crore. In a note submitted to the Expenditure Finance...