-The Economic Times   The increase in India's food subsidy bill after the introduction of the Food Security Act, which will guarantee subsidised grains to a large section of population, could damage the country's financial health, agriculture minister Sharad Pawar said here on Wednesday.  The situation is worrying even now, the minister said at the Economic Editors Conference here. "The issue price of grains for ration shops has not been changed for last...

-The Business Standard   After lingering tantalisingly close to 10 per cent for about a month-and-a-half, food inflation climbed to double digits for the week ended October 8, signalling that Reserve Bank of India (RBI) may continue with its tight monetary stance in its policy review later this month despite the economy showing signs of a slowdown in growth. As protein-based items turned dearer, wholesale price-based annual food inflation rose by a whopping...

For once, it is a happy farewell to the monsoon. An indulgent rain god, who overstayed for a week to compensate two successive years of drought in Jharkhand, today departed with the golden promise of a bumper winter yield. Weathermen at the Patna Meteorological Office confirmed that the monsoon trough had become weak after October 11, but faded away only today. “The rains have officially withdrawn from Jharkhand. But several parts of...

-The Business Standard   PDS no prerequisite for grain entitlement to general-category families. The contours of the Food Security Bill are firming up, what with the proposed legislation now stipulating a monthly minimum of seven kilograms of grains per person for the country’s priority households. In fact, this category of families — with a pregnant woman, dependent children or a differently-abled member — will get even higher quota depending upon the availability, as...

-PTI   Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture Minister Sharad Pawar said today.  Wheat production in India, the world's second-largest producer, stood at a record 85.93 million tonnes in the 2010-11 crop year (July-June). Wheat is only grown in the rabi season (winter).  "Indications are that rabi...