-PTI MUMBAI: The recent five per cent hike in the MSP against 15 per cent average hike in support price for farm produce in the last six years is likely to have only a nominal impact on food inflation Japanese brokerage firm Nomura said in its research report. Government last week raised the MSP of nine farm items, including some pulses and oilseeds, in the range of Rs 60-450 per quintal for...
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Early sowing raises hope; all eyes on July rain-Sanjeeb Mukherjee
-The Business Standard Experts say too early to estimate final output The sowing of kharif crops is on at breakneck speed in most parts, but analysts say much of the final output will depend on the weather in the next month. The current weak monsoon phase in most of the northern parts of the country is adding to the worry. Experts believe if the rains go for a prolonged break in...
More »Support price of paddy hiked by Rs 60 to Rs 1,310 per quintal
-PTI NEW DELHI: Amid expectations of normal rain, the government today approved a hike of Rs 60 in paddy support price (MSP) to Rs 1,310 per quintal in order to encourage farmers to grow more in the ongoing kharif season. The government also increased the minimum support price (MSP) of pulses and oilseeds by up to Rs 450 and Rs 320 per quintal, to boost ouput and reduce import dependence. "The Cabinet Committee...
More »Rise in global temperatures may impact monsoon, farm yields: Report
-The Economic Times NEW DELHI: An expected 2°C rise in the world's average temperatures in the next decades will make India's monsoon highly unpredictable and by 2040, the country will witness a sharp reduction in crop yields due to extreme heat, a report commissioned by the World Bank cautioned on Wednesday. It said shifting rain patterns will leave some areas under water and others without enough water for power generation, irrigation or,...
More »Environment ministry ignores states' opposition, approves GM trials -Nitin Sethi
-The Times of India NEW DELHI: The environment ministry's Genetic Engineering Appraisal Committee (GEAC) has cleared field trials for genetically modified rice, wheat, maize and castor for the Kharif season of 2013. The clearances - some of them extension of existing clearances that stood to lapse with state governments opposing field trials and others for relocating trial sites - come while the Biotechnology Regulatory Authority of India Bill is pending before the...
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