-The Indian Express Giving a pointer to the much-awaited Bill on land acquisition reforms, Agriculture Minister Sharad Pawar on Tuesday said the government will not dilute the provisions which restrict the acquisition of multi-crop and single crop agricultural land for non-farming purposes. “We will ensure that acquisition of high-yielding farmland is not allowed for non-agriculture purposes. This is a serious issue and the government is concerned about it. One should not be...
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UN reports slight increase in food prices, warns of decline in global cereal harvest
-The United Nations The United Nations today reported that global food prices slightly increased in September after two months of stability, and warned that despite increased cereal production in low income countries, global harvest of this commodity is expected to decrease this year. During September, the UN Food and Agriculture Organization’s (FAO) Food Price Index rose by 1.4 per cent from its level in August. The rise to 216 points from 213...
More »This is why farmers can’t afford fertilisers-G Vishnu
-Tehelka Policy flaw lets private players jack up prices and siphon off massive government subsidies. TO DROUGHTS and abject poverty, farmers can add another crisis: sky-rocketing fertiliser prices. The issue has prompted eight chief ministers of large states to seek the intervention of the Ministry of Chemicals and Fertilisers (MoCF) in the matter. Consider, for example, di-ammonium phosphate (DAP) and muriate of potash (MoP), two fertilisers that used to have massive demand...
More »A dangerous intervention
-The Business Standard Skimmed milk powder 'buffer' might raise prices The government’s proposal that a buffer stock of skimmed milk powder (SMP) be created in order to minimise volatility in milk prices is so unsound a proposition that it should be shelved. The proposal, sent to the inter-ministerial group on inflation by the food ministry, involves keeping a reserve stock of SMP with milk-processing units by offering them a handsome subsidy. The...
More »Indian Internet economy all set to explode: study -Shalini Singh
-The Hindu Internet’s contribution to GDP will grow from $30 billion to $100 billion by 2015 The Internet has established its role as a powerful economic force multiplier with a new study projecting that its contribution to India’s GDP will explode to $100 billion (Rs. 5 lakh crore) by 2015 from $30 billion (Rs.1.5 lakh crore) at present. The study on the “Impact of Internet on the Indian Economy” by McKinsey, which is...
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