-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further. The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of Paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...
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Price spike inflates worry
-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of Paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...
More »Move to raise income cap for OBC benefits deferred
-The Hindustan Times The Union Cabinet has deferred the decision to raise the income ceiling to avail of OBC quota benefits in jobs and education. The ministry of social justice and empowerment's proposal to increase the ceiling from present Rs. 4.5 lakh to Rs. 6 lakh could not be approved due to demand from a section of ministers to further raise the limit. According to sources, a few OBC ministers opined the...
More »Monsoon round the corner, no need for gloom says IMD
Parts of Kerala have been receiving rains since this morning. Weather watchers attribute the slight delay in the onset of monsoon to Typhoon Mawar which was active in a western Pacific Ocean off the Philippines South-west monsoon, the key to the agriculture driven trillion-dollar Indian economy, is on course and is expected to drench Kerala by Wednesday thereby bringing much-needed relief to farmers, reports PTI. “Monsoon is round the corner. Parts of...
More »Slight delay in monsoon onset won’t impact farm prospects: Farm secy-Banikinkar Pattanayak
A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...
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