-Livemint.com The government needs to institute reforms in land leasing laws and the rural job guarantee scheme, says the study from Ficci and KPMG New Delhi: The cost of farm labour has increased, says a study, and unless farmers adopt mechanization and new seeds, and the government institutes reforms in land leasing laws and its popular rural job guarantee scheme, productivity could fall, with a consequent increase in Food Prices. The study...

-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...

-PTI Chandigarh: Punjab government on Friday asked the Centre to reconsider its decision of stopping foodgrain procurement by FCI from Punjab, saying it will prove to be "very harmful" for the farming community and could lead to "distress selling". "The Centre's move of stopping procurement of foodgrain from states like Punjab could prove to be very harmful for state growers as they could be denied of appropriate prices of their crop (in...

-The Financial Express The government has decided to dispense with "levy rice", a mandatory system under which rice millers also undertake rice procurement for the public distribution system by buying paddy directly from the farmers, effective the next marketing season starting October. The system, introduced way back in 1978, is set to be withdrawn as the government felt that a lack of effective supervision often allowed the millers to avoid paying minimum...

-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...