The Congress-led United Progressive Alliance (UPA) on Friday signalled its intent to deregulate the sugar industry, a move that could potentially stoke a political backlash, especially at a time when states like Uttar Pradesh, Punjab and Uttarakhand—all sugarcane-growing regions—are in the middle of an election campaign. The opposition claimed that not only was it anti-farmer, it also violated the electoral code of conduct prevalent in five states, while sugar stocks of...
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Government to take up repair work of SEZ rules soon by Amiti Sen
The commerce ministry will announce rules to simplify and rationalize procedures to revive special economic zones, hoping to draw investors to these enclaves once touted as centres of export excellence. The changes, which will be notified in a week, could include a reduction the minimum-area requirement, easier vacancy and contiguity norms and allowing multi-product SEZs in sector-specific zones. "There will be reforms and changes in policies pertaining to SEZs mainly to simplify...
More »Centre dares to talk of 40% hike in urea price amid polls by Deepshikha Sikarwar
The government plans to raise prices of urea, the most widely consumed fertiliser in the country, by a steep 40%. The move, necessitated by the government's mounting subsidy burden, is a test of its political courage as it comes just ahead of elections in five states. Farmers in India use about 28 million tonne of urea annually, of which 6-8 million tonne is imported. The uptrend in prices of imported urea...
More »Rise of livestock by Richard Mahapatra
Agriculture sector undergoes a historic change as livestock surpasses the economy of food grain Policy makers in India are finally acknowledging a structural shift in the agriculture sector they have been noticing for a decade. Economic contribution of livestock is today more than that of food grain crops. Traditionally, of the three components of the sector—crops, livestock and fisheries—crops drove the growth, and food grains are a major part of it....
More »Fertile fields elsewhere
-The Business Standard Recent reports of the acquisition of a foreign rock phosphate mine by an Indian fertiliser manufacturer through a joint venture with a Japanese firm — in order to secure the raw material supply to its domestic phosphatic plant — should be viewed as part of a trend that needs to be sustained. India is critically dependent on fertiliser imports, since the availability of raw material for indigenous production...
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