-The Economic Times Soaring vegetable prices pushed inflation higher in April, while fuel and manufactured product prices sustained their pressure posing a fresh policy challenge and announcing the return of price pressures in Asia's third-largest economy. Data released by the commerce & industry ministry on Monday showed the annual rate of inflation, based on monthly wholesale price index, stood at 7.23% for April, 2012, compared to 6.89% for the previous month and...
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Shrinking farming land a matter of concern: Experts
-PTI Agriculture experts expressed concerns over shrinking of farm land by nearly 0.2 million hectares and suggested enacting strong legislation to stop shifting of land for non-farming purposes. According to government statistics, the cultivable land in the country has come down to 182.5 million hectares during 2009-10 compared to 182.7 million tonnes during 2005-06. Director General of ICAR (Indian Council of Agricultural Research) S Ayyappan said shrinking of farm is a matter of...
More »Food Bill should be formulated after discussions: BJP
-PTI Charging the government with showing apathy towards the grievances of farmers, Leader of Opposition in Lok Sabha Sushma Swaraj on Saturday insisted that the proposed Food Security Bill should be formulated after discussing the issues with those involved in the agriculture sector. “Government wants to bring a Bill which aims to provide food security to the people. Then a person who does not get food can go to court. Such a...
More »Urgent action called for to run down 75-million tonne grain heap-Ashok Gulati
-The Economic Times Grain stocks with state agencies are likely to cross 75 million tonnes some time in June 2012, while covered capacity to store is less than 50 million tonnes. The rest would be under CAP (with pucca or even kachcha plinths) exposed to potential large-scale damage. An early and rational policy decision is required to reduce the stocks by at least 7-10 million tonnes to avoid high costs of...
More »Business proving disastrous in policy on food & agriculture
-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...
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