-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

-Mail Today   New Delhi: And this dread scenario could well unfold, with the Met prediction of a below-normal monsoon on Monday being underlined by Earth Sciences Minister Jitendra Singh who admitted that the forecast is of below-average rainfall. Precipitation in the June-September period is expected to be between 90 and 96 per cent of the long-term average, added the minister. What he didn't say was that the India Meteorological Department...

-The Times of India   NEW DELHI: The Narendra Modi government officially acknowledged that it is gearing for its first big test with the Met downgrading its monsoon forecast from 95% to a likely 93% of the long period average rainfall. "The government is alert about the possibility of a subnormal monsoon this year and contingency plans are being prepared," President Pranab Mukherjee said in his address to Parliament on Monday. The official word...

-The Business Standard To get priority under CSR, new policy envisages major role for private sector The government has decided to accord agro forestry equal status with agriculture by setting up a national-level board to promote national agro forestry policy. Besides agro forestry is proposed to be treated as priority area under Corporate Social Responsibility programmes (CSR) and thus the policy envisages a major role for the private sector. To this effect a...

-The Hindu     interest subvention retained, rice storage exempt from service tax Lauding the "stellar performance" of the agriculture sector, Union Finance Minister P. Chidambaram on Monday announced a farm growth of 4.6 per cent in the current year, up from 3.1 per cent achieved during UPA-I. He said the government set an agriculture credit target of Rs. 8 lakh crore for 2014-15, against Rs.7.35 lakh crore expected this year. The interest subvention scheme for...