-The Hindu Business Line Good rain, increased acreage and hike in minimum support prices likely to cool prices The Modi government has been struggling over the last two years to contain the unprecedented rise in the prices of pulses, the second-most important food item after cereals. In the interim, prices of tur have more than doubled, and near-doubled in the case of urad and chana. WPI prices for pulses increased 35.76 per...
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Why restrictions on stockholding and export of pulses must go -Harish Damodaran
-The Indian Express Govt must learn from mistakes in onions and potatoes, agriculture should be spared of bearing the burden of its inflation targeting. Last week, Union Commerce Minister Nirmala Sitharaman announced a 5% subsidy on onion exports in the form of transferable duty credit scrips that can be used to pay customs, excise or service tax. On top of it, the Maharashtra government extended a Rs 100 per quintal grant to...
More »After decade of drought, Bundelkhand flooded -Ramendra Singh
-The Indian Express Bundelkhand: Most of the casualties were due to house collapses, while at least four people were swept away due to the strong water currents in Mahoba and Banda. Lucknow: Having borne the brunt of drought year after year, Bundelkhand is facing the other extreme this monsoon. The heaviest rains in over a decade have inundated 500 villages and caused severe waterlogging in small towns, claiming nearly a dozen lives...
More »Retail inflation might not fall much in kharif season -Sanjeeb Mukherjee & Indivjal Dhasmana
-Business Standard Recent trends indicate any such moderation would not be across the board or without riders: Experts New Delhi: Contrary to some perceptions, consumer price index (CPI)-based inflation might not ease sharply after kharif crops arrive in the markets. On the other hand, wholesale price index (WPI)-based inflation could see a rise, due to an increase in prices of commodities and metals. CPI inflation rose to 6.07 per cent in July, highest since...
More »Maharashtra: Pulses on the low as increased sowing sparks market losses -Partha Sarathi Biswas
-The Indian Express Volatility of prices has been one of the major reasons for farmers being weaned away from pulses towards sugarcane. Pune: Last year, when prices of dal had rocketed, both the state and central governments had announced several efforts to increase cultivation of pulses in the country. While the area under cultivation has seen an increase by 119 per cent, wholesale prices of the commodity has seen a dip,...
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