-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...
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Foodgrain output projected to decline by 10 per cent: Pawar
-PTI India's Foodgrains production is projected to decline by 10 per cent in the kharif season of this year at 117.18 million tonnes due to deficient monsoon and drought in some states. However, the government expects to make up for the decline in output during the Rabi season (winter sown crop). Foodgrain output stood at 129.94 million tonnes (MT)in last year's Kharif season. The production of rice - a major Kharif crop -...
More »Feel-good bills in offing to make up for harsh steps
-The Hindustan Times In the face of public outrage over a series of unpopular fiscal steps such as hike in diesel prices and cap on LPG, the government plans to come out with two feel-good initiatives — the food security bill and health cover for all. The UPA’s flagship National Food Security Bill would give 67% of the population (nearly 800 million people) a legal right to Foodgrains at less than half the...
More »Micro irrigation answer to depleting ground water level: Sharad Pawar
-PTI Agriculture Minister Sharad Pawar today said the ground water level in the country is decreasing and there is an urgent need to check this through encouraging micro irrigation. "The ground water table in the country has come down in the last few years and in order to check this we should work with technologies like drip and sprinkler irrigation, which minimises loss of water," Pawar said in his inaugural address at...
More »West Bengal, Assam fail to avail BGREI funds- Sutanuka Ghosal & Bikash Singh
-The Economic Times KOLKATA | GUWAHATI: West Bengal and Assam have failed to avail funds under Bringing Green Revolution to the Eastern India (BGREI) for FY13. In the Union Budget 2012-13, the Centre has allotted Rs 1,000 crore for seven states in the eastern region under the BGREI scheme. While West Bengal has failed to send the statement of expenditure to avail the BGREI fund, Assam, on the other hand, has taken...
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