-The Hindu Business Line   Economic Survey says Parliament can pass laws to override States' powers to create such a thing The Budget has proposed the setting up of a national agriculture market. Agriculture in the country is a State subject and thus all the States have set up Agricultural Produce marketing Committees (APMC) to regulate the marketing of agricultural commodities. Thus, APMCs have been considered an inhibiting factor for establishment of a national...

-The Tribune Chief Minister pushes for crop diversification, says will provide farmers all help Chandigarh: Chief Minister Parkash Singh Badal today said the state government would provide 50 per cent subsidy to farmers willing to rear cows for producing organic dairy products, besides setting up a board to sort out issues and requirements pertaining to organic farming. Addressing participants on the concluding day of the National Organic Farming Convention here, Badal said the...

-PTI Chandigarh: Punjab government on Friday asked the Centre to reconsider its decision of stopping foodgrain procurement by FCI from Punjab, saying it will prove to be "very harmful" for the farming community and could lead to "distress selling". "The Centre's move of stopping procurement of foodgrain from states like Punjab could prove to be very harmful for state growers as they could be denied of appropriate prices of their crop (in...

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...