Basmati paddy prices are expected to touch their highest level of Rs 3,400 per quintal during the forthcoming harvesting season, says a research report. The prices of traditional Basmati paddy are in the range of Rs 2,650—3,350 per quintal this month, and are expected to be Rs 2,500—3,200 per quintal in November. In December, however, they will go up to Rs 2,700—3,400 per quintal, depending on the varieties, the report said. The forecast...
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India's Bitter Choice: Water for Steel or Food? by Abhishek Shanker
Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....
More »'Sensex is soaring, so is hunger in the country'
Touching upon the gaping difference between the haves and have-nots, AB Bardhan, vice president, AITUC and CPI general secretary, on Tuesday said that a soaring Sensex was seen along with the soaring rate of hunger in the country today. Speaking at the centenary celebrations of Prabhat Kar, organised by the All India Bank Employees Association (AIBEA), and the All India Bank Officers Association (AIBOA) here, he described Prabhat Kar as a...
More »Rotting grain & judicial transgression by Ashok Khemka
The mountainous state-owned food stocks lying in the open and rotting in the rain are in stark conflict with a failing public distribution system , hunger, malnutrition and high food prices. The poor management of food stocks provoked the Supreme Court to transgress into executive domain when, on August 12, the court made certain directions like limiting procurement to covered warehousing capacity and distributing the rotting foodgrains free of cost...
More »Deadlock between Haryana, millers may hit rice lifting
A standoff between the Haryana government and rice millers is threatening to derail the procurement of paddy in Haryana, with growers accusing authorities of not lifting the crop despite heavy arrival in markets. The state government said it is hopeful of settling the issue with state rice millers within a day or two, while claiming to have lifted ‘each grain’ of paddy. Peeved at the slow pace of paddy lifting at various...
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