-The Economic Times NEW DELHI: Petrol could become costlier by about 4 a litre if the government compels oil firms to sell 5% ethanol-blended petrol across the country by next month as these companies would be forced to import huge quantities of the biofuel at exorbitant rates. But, the Cabinet, which will meet soon to discuss the issue, may relax compulsory doping as it would want petrol prices to rise sharply, months...
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Finance Ministry agrees to Rs 1 lakh cr diesel, LPG subsidy for FY'13
-PTI NEW DELHI: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, agreed to give Rs 40,000-45,000 crore more to cover for unmet revenue losses on fuel sale in the fiscal year ending...
More »Foodgrain production in kharif season likely to increase by 8% -Jacob P Koshy and Ragini Verma
-Live Mint The kharif crop may improve by 8.1% to 135 million tonnes, after falling by 2% last year due to weak monsoon Foodgrain production in India's kharif season, the summer crop, is estimated to increase by a little more than 8% this year on expectations of normal monsoon rains, boosting hopes of a recovery in Asia's third largest economy and a decline in food price inflation. The kharif crop may improve by...
More »Food prices rise for second month, strong cereal crop forecast for 2013–UN agency
-The United Nations World food prices rose for a second straight month, the United Nations Food and Agriculture Organization (FAO) today said, while global production of coarse grains could set a new record this year with strong growth also projected for global wheat and rice production. FAO's Food Price Index - which measures monthly changes in international prices of a basket of meat, dairy, cereals, oils and fats, and sugar - rose...
More »Balancing soil nutrients -Satish Chander
-The Hindu Business Line Mother Nature possesses bountiful natural resources. After all, it is not for nothing that our planet is today supporting a seven billion human population, besides a large number of other living beings with varying survival requirements. Till around the end of the 19th century, agriculture, in the form it was practised, provided more or less enough food to sustain the human population of that time. This is...
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