Food inflation moved up to 11.49 per cent for the week ended February 12 as compared with 11.05 per cent for the previous week even as prices of certain items fell marginally. Despite the increase, Prime Minister Manmohan Singh today said while inflation has been a concern for the last 18 months, it will come down to 7 per cent by the end of the current fiscal. According to the Wholesale...

The farmers in the state, who had lost their crops to the recent rain and hailstorm, may not get any compensation from the present weather-based insurance scheme in the state as hailstorm is not covered under the policy. According to sources, the state has adopted the weather-based insurance in which the compensation is calculated on the basic parameters of temperature, rainfall and moisture levels. These parameters could be measured by...

Record high food prices are putting added pressure on the United Nations agency that helps feed nearly 100 million of the world’s poorest people, with officials warning of a potential “perfect storm” combination of soaring costs, weather emergencies and political instability. “We are on red alert and we are continually assessing needs and reassessing plans and stand ready to assist,” UN World Food Programme (WFP) Executive Director Josette Sheeran told the...

After feeding the country, the enterprising farmers of Punjab now want to try their hands in Ethiopia. The progressive farmers, mainly members of Poscon (Confederation of Potato Seed Farmers), are planning to take 2,000-5,000 hectares farmland on lease in Ethiopia for growing cash crops like oilseeds, pulses, sugarcane and Maize. The delegation of the progressive farmers has twice visited Ethiopia on the invitation of Ethiopian government. Speaking to Business Standard, Poscon...

They want State Government to exempt their farm produce from duty A group of Punjab-based farmers on Monday said they are going to grow pulses and oilseeds on 5,000 hectares of land in Ethiopia and import their farm produce to India. “We will start cultivating 5,000 hectares of land in Ethiopia from September this year and plan to cultivate pulses, oilseeds, sugarcane and Maize which are always in short supply (in India),”...