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India seeks BRICS help to meet shortfall in pulses, oilseeds

-The Hindu Business Line New Delhi: India has sought the cooperation of fellow BRICS members — Brazil, Russia, China and South Africa — to help meet the country’s production shortfall in pulses and oilseeds. Agriculture Ministers from BRICS countries have agreed to promote production of pulses in their respective countries and raise awareness about its nutritional aspects, according to the joint declaration adopted at the end of their meeting in New Delhi,...

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Why has inflation moderated in India? -Sajjid Z Chinoy

-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...

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Plucking the low-hanging fruit of agricultural subsidy reform -Pravesh Sharma

-The Indian Express The Centre is pushing and many states are implementing Direct Benefit Transfers – and encountering little political opposition The entire focus on ushering in a direct benefit transfer (DBT) regime for delivering subsidies to the targeted populations has so far centered around cooking gas, and to some extent, on isolated pilot experiments with food subsidy. Agriculture subsidies, especially on inputs other than fertilisers, have largely escaped attention in...

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Govt misled ryots on cotton cultivation?

-The Times of India HYDERABAD: A government advisory not to grow cotton this kharif crop season has landed state farmers in trouble with prices of alternative crops they were encouraged to grow falling. And rubbing salt into their wounds, the price of cotton has been witnessing a dramatic rise. Further, there has been no word from the government so far on initiating market intervention measures and procuring of produce at minimum support...

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Pulse buffer stock to be increased to 20 lakh tonnes

-The Hindu The Centre on Monday approved the enhancing of buffer stock of pulses to 20 lakh tonnes so as to stabilise the prices and encourage farmers to scale up production. “The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock to 20 lakh tonnes. It will be built through domestic procurement and imports of 10 lakh tonnes each,” an official...

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