-PTI   In its Budget wish-list, the Agriculture Ministry has demanded lowering of interest rate on crop loans to 3% for those farmers who pay in time, from the existing 4%. According to sources, the ministry has suggested an additional 1% interest subvention (subsidy) on short-term crop loans of up to Rs 3 lakh to farmers who pay their dues on time. Other farmers get crop loans at seven% interest rate. The 2012-13 Budget...

The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said.  "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total Foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

The battle to provide food security took an interesting turn after the apex court vested itself with a supervisory role in the ongoing computerization of the public distribution system (PDS), currently behind schedule. Accordingly, it directed the topmost bureaucrat in the food ministry—food secretary Bhushan Chander Gupta—to not only monitor the PDS computerization, but also submit monthly updates to the Supreme Court. The court was hearing the long-standing public interest case on...

-The Times of India Agriculture minister Sharad Pawar on Sunday said it would be difficult to implement the proposed food security bill without adequate funds to boost agricultural output. Pawar, who was not fully aligned with the Congress on the food security legislation, argued that his grievance was that the total budgeted provision for entire agriculture ministry was Rs 20,000 crore and subsidy, as of today, was Rs 65,000 crore which might...