An inter-ministerial panel will decide on the contentious issue of opening organised retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government. “A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry,” a government official told ET. The committee will have representation from the department of industrial policy and promotion,...

A good monsoon this year will help Indian agriculture grow robustly and benefit the food processing and packaging sectors, Minister of State for Agriculture and Consumer Affairs K. V. Thomas said Tuesday. 'Companies which have invested in supply chain of farming like contract farming, food processing and packaging will benefit greatly from good agricultural output,' he said at a conference organised by the Confederation of Indian Industry. He said good agricultural growth...

A large number of cotton farmers from across Gujarat are expected to come to Rajkot on Friday to protest against the central government's cotton export policy. Maha Gujarat Agricotton Producer Company Limited (MGAPCL), a co-operative cotton marketing firm owned by farmers, has organised a farmers' gathering at Rajkot for protesting the government's stand on cotton export. This comes in the wake of the central government's decision to defer the commencement of cotton...

The decision to defer cotton export registration by one month – from October 1 to November 1 – may help the textile companies in the short term because of sufficient availability, but there are concerns on how long that would last. Arrivals of cotton are uncertain across India with farmers apprehensive about the yield due to inclement weather. The early varieties of cotton from Punjab and Haryana have also been affected...

Soon, the National Food Security Act  will become law. The ruling United Progressive Alliance flagship social security programme of providing every Below the Poverty Line (BPL) family with 25 kg of rice or wheat at Rs 3 per kg per month is a welcome step to alleviate some of the human trauma that haunts the poor in our country. The government also hopes that the Act will secure freedom from...