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Food Security Bill will be brought to Parliament shortly

-News on Air   The Food Security Bill finalised by the National Advisory Council will be brought to Parliament shortly for approval. The draft bill entitles 75 percent of the population to highly subsidised food grains. It provides for people living Below Povery Line getting rice at three rupees a kilogram and wheat at two rupees a kilogram. The Bill proposes that general households will have the right to 20 kilograms...

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Food inflation eases to 7.78%

-The Times of India   Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the economy. Data released by the commerce ministry showed that Food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...

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Farmers on holiday by M Suchitra

Andhra farmers shun growing paddy this kharif in absence of buyers, storage space Achanta, a small village in Andhra Pradesh, hit the headlines in 1967 with a record rice yield in the kharif or monsoon crop season. It was the time of the Green Revolution. N Subba Rao, a farmer from the village, harvested three tonnes of paddy from just one kilogramme of seeds. Other farmers followed suit and the village...

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Prices set for higher jumps by Gaurav Choudhury

The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising Food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...

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Land acquisition, FDI in retail, insurance top PM's reform agenda

-The Times of India   Prime Minister Manmohan Singh on Wednesday flagged amendments to land acquisition law, allowing more foreign investment in retail trading and insurance and introduction of good and services tax (GST) as the key reforms agenda of the government. "I think the first thing is to sustain the momentum of growth that we have built," PM said during a meeting with a group of editors. But a key...

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