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Drought to hit coarse cereals, pulses, oilseeds output: Pawar

-The Business Standard Despite a marked improvement in the southwest monsoon, Agriculture Minister Sharad Pawar on Wednesday said production of coarse cereals, pulses, oilseeds and rice, to some extent, would be less than last year. For sugar, the cane area is more. But, Pawar said, some drop in production can be expected as farmers in Karnataka and Maharashtra have diverted a sizeable portion of standing crop towards fodder. Announcing the second relief package...

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Rise of crony journalism and tainted money in media -R Jagannathan

-First Post A lot has been written in recent weeks about crony capitalism, but an important issue for the media to introspect over is this: can this happen without significant amounts of crony journalism? When media companies begin to think they can run coal plants, surely this compromises them (Lokmat Group, DB Corp). When political parties think they ought to own media houses or be aligned to one (YSR Congress’ Sakshi, the...

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PM's Assets Around Rs 10.73Cr, Colleagues Richer

-Outlook Prime Minister Manmohan Singh has assets worth around Rs 10.73 crore, double that of last year, but a number of his cabinet colleagues are much richer than him. Among the richer cabinet ministers are Praful Patel with assets of approximately Rs 52 crore, Sharad Pawar with property worth around Rs 22 crore and M K Azagiri with Rs 9.50 crore, according to updated list of assets of the ministers posted on...

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Govt Approves Rs 10,901 Cr Funds for Crop Loan Subsidy

-Outlook Government today decided to release Rs 10,901 crore to banks as interest subvention for giving crop loans up to Rs 3 lakh to farmers in the current fiscal. The Cabinet chaired by Prime Minister Manmohan Singh decided "to continue interest subvention to Public Sector Banks, Regional Rural Banks (RRBs), Cooperatives Banks and Nabard to enable them to provide short- term crop loans up to Rs 3 lakh to farmers at 7...

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‘FDI in retail sector will help farmers’

-The Hindu They will be able to secure a premium price for their produce, says Chief Minister Chief Minister N. Kiran Kumar Reddy on Wednesday said foreign direct investment (FDI) in the retail sector would help farmers secure a premium price notwithstanding the controversy surrounding the Central policy matter. Addressing a meeting after inaugurating a godown at the Agriculture Market Yard here, Mr. Kiran Kumar Reddy said an investment of Rs. 500 crore...

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