Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...

At a time when there are reports of gross irregularities committed in the implementation of schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the state, a success of the scheme has drawn the attention of many. With the district experiencing scanty rainfall for the last three years, farmers at Hanhat panchayat of Kairo block were hardly getting any paddy to fulfil their annual requirement. But a MGNREGA...

There is a silver lining to the drought that hit India in 2009-10. Although it sapped the country's growth, it led to an almost doubling of physical assets created under the government's flagship rural employment scheme that year. The drought of 2009-10 was the worst that the country had faced in 17 years. As regular jobs in the farm sector dried up, more people sought work under the Mahatma Gandhi National...

The chamber said concrete steps need to be taken to promote investment, given that recent data shows the investment growth rate slowed from 38.1% in 2007-08 to 36.5% in 2009-10 The Confederation of Indian Industry (CII) on Tuesday called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector. “CII has recommended encouraging private sector participation...

India's food prices are likely to ease, bringing down food inflation from stubbornly high levels, over the next two months as supplies of onions and other vegetables are expected to pick up, industry officials said Thursday. The country's food inflation rate surged to more than 18% in December as vegetable prices, particularly those of onions, spiked after unseasonal rain damaged crops. India's food inflation rate has slightly eased since then, but...