Thanks to predictions of a good monsoon, Planning Commission member Abhijit Sen has projected a robust growth rate of five per cent from 0.2 per cent in agriculture and allied sectors in 2010-11. From the earlier estimate of -0.2 per cent last year, the growth rate has been revised to 0.2 per cent. Dr. Sen, who is in charge of the farm and food sector in the Commission, said food inflation was...
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Road blockade chokes Indian state's lifeline by Sanjoy Majumder
Two Indian air force Antonov transport aircraft arrive at Imphal airport. They are among several emergency missions carrying desperately needed supplies of food and medicines. For the past five weeks, two key highways linking this remote state in north-east India to the rest of the country have been blocked by supporters of an influential separatist leader from neighbouring Nagaland. Thuingaleng Muivah, who heads the NSCN (IM), a Naga group that carried...
More »Efforts on to mitigate food crisis in Arunachal
With the PDS carriage contractors threatening to quit service if their pending bills are not cleared by the FCI, Arunachal Pradesh is in the verge facing an acute food crisis, which is already in an alarming situation according to reports. However, efforts are on to mitigate the situation with the government, supported by its MPs, impressing upon the Center to do the needful immediately. Lok Sabha MP Takam Sanjoy, who called...
More »Mismanaging food
Bizarre are the ways of the government when it comes to managing, or mismanaging, the country’s food economy. On the one hand, it goes on mopping up bulk of the wheat and rice arriving in the mandis to build up its grain stocks, clearly to prevent foodgrain prices from falling below the minimum support price (MSP) level. On the other hand, it plans to offload 3 million tonnes of wheat...
More »Wheat prices drop on extra allocation on PDS
Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...
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