-The Hindu Finance Minister Arun Jaitley, on Wednesday, held an inter-ministerial meeting to discuss the spiralling prices of food and carve out a strategy to cool inflation. Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, Commerce Minister Nirmala Sitharaman and Urban Development Minister Venkaiah Naidu attended the meeting. Chief Economic Advisor Arvind Subramanian was also present. During the meeting, discussions were held to devise ways to meet the gap between demand...
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Feeling the pulse
-The Indian Express In 2015-16, India imported a record 5.79 million tonnes (mt) of pulses valued at $ 3.9 billion, with these being even higher at 15.57 mt ($ 10.49 billion) in the case of edible oils. The Narendra Modi government has done well to hike the minimum support prices (MSP) of pulses to be grown this kharif season by 7.7-9.2 per cent, over and above the 5.4-6.3 per cent last...
More »MSP of pulses and oilseeds hiked to motivate farmers
-The Times of India New Delhi: Aiming to motivate farmers to grow more pulses, the government on Wednesday hiked the minimum support price (MSP) of arhar, urad and moong by up to Rs 425 per quintal for the kharif season starting September. It also announced bonus on oilseeds while making a modest increase of Rs 60 in paddy MSP to Rs 1,470 per quintal. Both agriculture minister Radha Mohan Singh and consumer...
More »Poor rainfall behind costly pulses: Paswan
-PTI Lucknow: Seeking to deflect Opposition attack over high prices of pulses, Union Food Minister Ram Vilas Paswan on Sunday attributed it to poor rainfall and reduced imports during the last two years. “Several factors have led to the rise in price of pulses. Rainfall was low during the last two years, causing damage to crops. Besides, import was less,” he said at a press conference here. Paswan said last year, pulse production...
More »Monsoon cheer as El Nino ends
-The Hindu This could cause monsoon to spill over to October: Officials Australia’s weather bureau said the withering El Nino — among the strongest in history and responsible for two years of consecutive droughts and record summer temperatures in India — had ended. While that bodes well for the monsoon, weather officials in India said this could also be a precursor to floods during August and September and monsoon possibly spilling over...
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