Planning to call over friends and relatives this Uttarayan for the undhiyu treat? Then, watch out, for, your budget may go haywire if you have not factored in the price rise.Onion prices aren't the only one making Amdavadis cry. Vegetable prices in general seem to make the Amdavadi very emotional as he watches his wallet being ripped apart.The soaring vegetable prices have sent household budgets haywire.Undhiyu, one of the popular...

Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...

A parliamentary committee has asked the government to consider incentivising private players to set up grain storage facilities as it prepares to implement the right to food. The government will require around 620 lakh tonnes of foodgrain annually to implement the food security law. The official procurement stood at 539.75 lakh tonnes in the recent marketing year. “(The) government should provide soft loans at affordable rates and subsidies to private players to...

Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...

Tomoto price has plummeted to Rs. 4 a kg in the Wholesale Markets in Royakottai, Krishnagiri, Shoolagiri and Hosur because of a bumper crop this season. The price now ranges between Rs. 4 and Rs. 5 a kg. Because of the substantial drop in the price and increase in prices of inputs and seeds and workers' wages tomato farmers have incurred heavy loss. Hosur is one of the prime agricultural belts...