-The Financial Express Likely to give bonus of up to Rs 425 per quintal on pulses In a bid to boost production of pulses and oilseeds, the government is likely to announce 5 to 10% hike in minimum support price (MSP) for the rabi crops, including wheat, barley, gram, masur and mustard, for the 2016-17 season besides a bonus on pulses in the range of Rs 250 to Rs 425 per quintal. Sources...
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Kharif crop planting jumps 4% year on year -Madhvi Sally
-The Economic Times NEW DELHI: Crop planting this kharif season has so far covered 4.16% more area than a year ago while water levels in the country's 91 major reservoirs are on an average 17.09% higher, show official data. From the beginning of the kharif season in June till September 2, crop planting has covered 1,054.49 lakh hectares, close to the kharif season target of 1,062.50 lakh hectares, according to data...
More »Finally, some respite from dal shock -Prerna Sharma
-The Hindu Business Line Good rain, increased acreage and hike in minimum support prices likely to cool prices The Modi government has been struggling over the last two years to contain the unprecedented rise in the prices of pulses, the second-most important food item after cereals. In the interim, prices of tur have more than doubled, and near-doubled in the case of urad and chana. WPI prices for pulses increased 35.76 per...
More »Why restrictions on stockholding and export of pulses must go -Harish Damodaran
-The Indian Express Govt must learn from mistakes in onions and potatoes, agriculture should be spared of bearing the burden of its inflation targeting. Last week, Union Commerce Minister Nirmala Sitharaman announced a 5% subsidy on onion exports in the form of transferable duty credit scrips that can be used to pay customs, excise or service tax. On top of it, the Maharashtra government extended a Rs 100 per quintal grant to...
More »Retail inflation might not fall much in kharif season -Sanjeeb Mukherjee & Indivjal Dhasmana
-Business Standard Recent trends indicate any such moderation would not be across the board or without riders: Experts New Delhi: Contrary to some perceptions, consumer price index (CPI)-based inflation might not ease sharply after kharif crops arrive in the markets. On the other hand, wholesale price index (WPI)-based inflation could see a rise, due to an increase in prices of commodities and metals. CPI inflation rose to 6.07 per cent in July, highest since...
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