Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...

India’s top grain-producers Punjab and Haryana will raise planting of basmati rice as floods have washed away the recently sown regular grades, farmers and trade officials said on Monday. Basmati rice can be planted late, but yields are much lower than regular grades, with farmers also having to face fluctuating market prices, unlike common rice grades that official agencies buy at fixed, attractive rates. “Paddy output will certainly drop this year. However,...

The much-acclaimed public distribution system (PDS) of Kerala has lost its scope and acceptance due to diminished allotment of cereals and repeated reductions in coverage. Experts admit that prior to the introduction of targeting, Kerala had one of the best run and most effective PDS networks in India and a model system worth emulating by the other states in the country. Kerala was the only state in India with near-universal coverage...

The world’s rich countries boosted government support for agriculture in 2009, according to a report that the Organisation for Economic Co-operation and Development (OECD) released last week. The report, “Agricultural Policies in OECD Countries: At a Glance 2010,” is part of the OECD’s annual effort to quantify and assess the support that its 31 developed country members provide to their agricultural producers. The OECD found that the Producer Support Estimate (PSE)...

The 1,600 families in Haryana’s Panchkula district which line up at fair price shops for foodgrains and kerosene can do away with their prized ration cards, pieces of paper that entitle the poor to subsidized food and fuel. Beginning Tuesday, while they still have to queue up, these families will receive their rations after a biometric identification using smart cards. That’s a small beginning for an ambitious Rs138 crore Centrally funded project...