-The Indian Express Govt must learn from mistakes in onions and potatoes, agriculture should be spared of bearing the burden of its inflation targeting. Last week, Union Commerce Minister Nirmala Sitharaman announced a 5% subsidy on onion exports in the form of transferable duty credit scrips that can be used to pay customs, excise or service tax. On top of it, the Maharashtra government extended a Rs 100 per quintal grant to...
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In rural India, less to eat than 40 years ago -Pavitra Mohan
-The Indian Express Within overall food inflation, the price of pulses, fats and vegetables rose quicker than that of cereals. The result is that fewer people can buy these foods. As India’s 70th year of Independence begins, widespread progress is evident, but in rural India, where 833 million Indians (70 per cent) live, people are consuming fewer nutrients than are required to stay healthy, according to a National Nutrition Monitoring Bureau...
More »Centre to consider socio-economic factors in GM crop assessment -Amiti Sen
-The Hindu Business Line Draft guidelines coming soon for comments from stakeholders New Delhi: With the debate on genetically modified (GM) crops getting intense, the Ministry of Environment and Forests (MoEF) is considering the option of putting in place guidelines for socio-economic assessment to judge proposed GM varieties on the basis of factors such as economy, health, environment, society and culture. “Guidelines on socio-economic considerations will make it easier for the Genetic Engineering...
More »Keep a watch on food inflation
-The Hindu The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....
More »Food inflation to cool in August with prices of crops falling steeply amid good rains -Madhvi Sally
-The Economic Times NEW DELHI: Food inflation is poised to moderate significantly when data for August is released next month as the wholesale price of pulses has eased 30% while vegetable rates have dropped as much as 50% in some markets in the past four weeks because normal monsoon rainfall has raised prospects of a bumper harvest after two years of drought. Prices of all farm commodities are likely to fall noticeably...
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