Inflation in vegetables to come down to 7% by March Modernisation of agricultural marketing is important when dealing with inflation in the long run, Montek Singh Ahluwalia, deputy chairman of the planning commission, said here today. “The present system of intermediation is high costs and an efficient supply chain. Stress has to be laid on ensuring that farmers are able to realize higher margins, while consumers are able to get cheaper commodities”,...

Prime Minister Manmohan Singh today asked states to waive local taxes, including octroi, as well as reform the outdated Agriculture Produce Marketing Committee Act, or Mandi Act, to help control a runaway food inflation. The Prime Minister also called for dovetailing organised retail chains with farm supply chains. “Supply chains need to be strengthened and these need to be dovetailed with organised retail chains for quicker and more efficient distribution of farm...

It's the land of freedom, of bright lights and burgers, where daring entrepreneurs arrive from across the planet in search of fame and fortune. The United States of America - the world's melting pot - has been a symbol of hope for centuries, but behind this vision of wealth and wonder is a tale often untold. Food security, lack of water rights and unemployment might sound like the type of problems...

Prime Minister Manmohan Singh on Friday asked States to consider waiving mandi taxes, octroi and local taxes for taming inflation, which affected the poor “harder” and posed a serious threat to the country's growth momentum. He said much of the responsibility for checking price rise lay with the States. “Much of what needs to be done... lies in the domain of State governments... There seems to be a strong case for waiving...

Even as the Centre is mulling over allowing Foreign Direct Investment (FDI) in the retail sector, Union Agriculture and Food Processing Minister Sharad Pawar on Wednesday categorically ruled out the possibility of FDI in farming. “FDI in agriculture is not required. We have about 82-86 per cent farmers whose land-holding is below two hectares. In this type of a situation where the land-holding is small, we should not think of encouraging...