-PTI NEW DELHI: The Food Ministry has moved a Cabinet note proposing a reduction in the floor price of wheat by USD 40 at USD 260 a tonne to make exports viable and clear surplus stocks. The revision in reserve price has been proposed as global buyers quoted USD 260-267 a tonne for recent bids, as against the benchmark price of USD 300 a tonne set for export of two million tonnes...
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NABARD Launches New Scheme to Advance Direct Loans
-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...
More »Centre to Build Godowns Under MNREGA for Food Law
-Outlook New Delhi: To ensure success of its new food laws, government today allowed construction of intermediary Godowns under employment guarantee scheme MGNREGA and has allocated Rs 450 crore for creating 15 lakh tonne of storage capacity across the country by March-end. The decision has been taken in view of slow progress in the construction of intermediary Godowns by state governments at a time when the government is in a hurry to...
More »Cyclone Phailin: Panic buying in Odisha sends prices soaring -Binita Jaiswal
-The Times of India CUTTACK/BHUBANESWAR: Thousands of twin city dwellers on Friday made a beeline for shops to stock up on vegetables and dry food. The mad rush led to a steep rise in prices of chura (flattened rice ), potatoes and candles. Soon they vanished from the market. "I bought a kg of chura for Rs 28. In the evening the shopkeeper hiked the rate to Rs 45 a kg. I...
More »Midday meals face funds hurdle -Akshaya Mukul
-The Times of India NEW DELHI: UPA is going to town for having delivered on its promise of food security. But, come December and this promise would fall flat as many government schools are likely to go without midday meal (MDM). The reason: the food ministry's new missive to the HRD ministry that like other food schemes, MDM would also have to make pre-payment before lifting foodgrains from Food Corporation of India...
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