Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...
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Cabinet to consider hike in MSP of rice, wheat by Rajeev Deshpande
In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...
More »Bt cotton seed firms tell states to end price control by B Krishna Mohan
Governments of cotton growing states have spiked proposals by companies to increase prices for genetically modified (Bt) cotton seeds. Makers of Bt seed have asked for a rise in the price they could charge for a 40-seed packet of the BG1 variety to Rs 850 (from Rs 650 now) and for the BG2 variety to Rs 1,050 (up from Rs 750), as input and labour costs had gone up by 35...
More »Now, post offices to sell seeds to farmers by Sandip Das
DJ Parmar, the postmaster of Kukda village of Surendra Nagar district in Gujarat, besides handling letters and money orders, has now taken an additional responsibility. He will take orders from farmers for supplying of seeds prior to the forthcoming kharif sowing season. In the neighbouring Danawada village, post master VS Verma is also gearing up to take the additional responsibility for ensuring that quality seed reaches farmers on time. Thanks...
More »Manipur rice bowl dwindles by Khelen Thokchom
Manipur households may find it difficult to fill their plates with rice next year, with the ongoing economic blockade robbing farmers of essential fuel to run their tilling machines. The food and civil supplies godown now has 7,132 metric tonnes of rice while the Indian Oil Corporation in Imphal has 1,223 kilo litres of diesel. The rice will last for a month, while the diesel can keep the state running for...
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