-Press Information Bureau (Ministry of Agriculture) The Government formulated a Model Act on Agri-Marketing reform in 2003 and Model Rules in 2007. The Government has since been pursuing the State Governments to adopt the Model Act and Rules. The Model Act inter-alia provides for alternative models through which farmers can access larger markets viz. setting up of markets in private and cooperative, contract farming, farmer consumer market and direct marketing. License...
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Agri Ministry to bring down market fee in APMC yard -Anindita Dey
-The Business Standard Mumbai: The Ministry of Agriculture proposes drastic reduction in the market fee and commission charges paid in the Agricultural Produce Marketing Committee ( APMC) markets. To this effect, it also suggest abolishing the present system of licensing of traders / commission agents by substituting it with system of registration. Accordingly, there will be a single unified registration for the main market and collection...
More »Why food prices stay up-Mayank Mishra & Sanjeeb Mukherjee
-The Business Standard The Agricultural Produce Marketing Committee law allows mandis to remain in the grip of a middlemen cartel, with clear links to politicians who run the governments Congress Vice-President Rahul Gandhi has, in effect, told chief ministers of party-ruled states that if food inflation is to be controlled, as many items as possible must be got out of the purview of the Agricultural Produce Marketing Committee (APMC) Act. For the time...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »NABARD now offers loans to corporate sector-Nagesh Prabhu
-The Hindu Bangalore: In a major shift in its lending practice, the National Bank for Agriculture and Rural Development (NABARD) has opened a lending window to the corporate sector for construction of warehouses and creation of cold storages and cold chains. NABARD had only been granting soft loans to State governments for social sector projects. Speaking to The Hindu on Monday, G.R. Chintala, Chief General Manager (CGM), Regional Office, Bangalore, said it was...
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