-DNA India India is frittering away gains of the Green Revolution and fast turning into a net food importer In 2015-16, India imported Rs 1,402,680,000,000 or 1.40 lakh crore worth of agricultural commodities. This was more than three times the annual budgetary allocation for domestic agriculture. Well, if you think the increasing reliance on food imports in one year — 2015-16 — is merely an aberration, hold your breath. According to commodity...
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How palm oil from Malaysia fired the Patel agitation in Gujarat -M Rajshekhar
-Scroll.in It is hard to understand why the Indian government continues to favour palm Oil Imports over homegrown edible oils in Gujarat and elsewhere. Dhirubhai is in dire straits. He can no longer recover his investments on the groundnuts he grows on three acres of land along the Junagadh-Verawal road in Gujarat. In a good year, he grows 100 kilos of groundnuts – or peanuts – for every Rs 4,000 he invests....
More »The Centre could provide relief from rising fuel prices by cutting taxes, but here's why it may not -Nitin Sethi and Mayank Jain
-Scroll.in The price of petrol and diesel remains as high even though the cost of importing crude oil has halved from 2011. In 2011 when the cost of oil being imported by India was averaging above $100 per barrel, the retail price that citizens paid for petrol in Delhi averaged Rs 65 per litre. But today, when the cost of importing oil is substantially lower at an average of $50 per...
More »Centre's emphasis on oilseed production may lower dependence on edible Oil Imports
-The Hindu Business Line Share of imports to reduce to 55% by FY22, says ICRA Ahmedabad: The Centre’s push for oilseeds production can potentially bring down India’s dependence on imports for edible oil. The share of imports in overall edible oil consumption may decline from 60 per cent at present to about 55 per cent by FY22, according to rating agency ICRA. The Centre’s National Mission on Oilseeds and Oil Palm (NMOOP) — to...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
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