The UPA government on Thursday raised the minimum support price (MSP) for most rabi crops, encouraging the Sowing exercise under way. Aiming at making up the loss in kharif production due to delayed and poor rainfall, the Cabinet Committee on Economic Affairs (CCEA), presided over by Prime Minister Manmohan Singh, raised the minimum support price of wheat to be marketed in 2010-11 by Rs. 20 to Rs.1,100 per quintal. This year, the...
More »SEARCH RESULT
Total Matching Records found : 1025
Bittersweet tidings by Ashok Gulati and Tejinder Narang
Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...
More »Centre may give bonus on paddy minimum support price by Gargi Parsai
The Union Cabinet will consider on Thursday a proposal to give a bonus of Rs.50 per quintal on the minimum support price of kharif paddy that is being procured, following concerns about getting adequate quantity for the Central pool. It is expected that the kharif paddy output would be lower this season by 12 to 16 million tonnes owing to reduced Sowing due to erratic Southwest Monsoon. Against 388.26 lakh...
More »Production of Kharif foodgrain may fall 16%
The country’s kharif foodgrain production is expected to decline to 98 million tonnes this year from 117.7 million tonnes produced in kharif 2008, Centre for Monitoring Indian Economy (CMIE) said here. “Decline in acreage and expected fall in yield will lead to a 16% drop in kharif foodgrain production. It is expected to fall to 98 million tonnes from 117.7 million tonnes produced in kharif 2008,” CMIE said. The kharif...
More »Erratic monsoon may hit kharif output: FICCI by Gargi Parsai
Loss in food grains estimated at 16 million tonnes Overall Kharif output can fall by 15 per cent Call for long-term strategy to tackle vagaries of monsoon Erratic monsoon this kharif could reduce the agricultural crop growth to -2 per cent year-on-year, down from an earlier estimate of 1.4 per cent, according to a Federation of Indian Chambers of Commerce and Industry (FICCI) report released here. The report, “Drought in...
More »
