-Down to Earth Agricultural markets have turned into centres of political power, say farmers' organisations The new BJP government in Maharashtra has dismissed 166 agricultural produce market committees (APMCs), including the apex Navi Mumbai APMC, following thousands of complaints of irregularities and misconduct received against them. An order to this effect was issued on Monday, November 10, to the director of agricultural marketing in the state. Agriculture Secretary Sudhir Goyal informed that the...
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October CPI inflation dips to 5.52%, touches historic low
-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...
More »Govt. LPG subsidy capped at Rs. 20 a kg -Puja Mehra
-The Hindu The Union government has also decided to resume providing subsidy on cooking gas through direct cash transfers straight into consumers' bank accounts. The Modi government has frozen the budget subsidy for cooking gas at Rs. 20 a kg. This will not mean any increase in price for the consumer right away. However, if international prices were to rise, as they normally do in winter, then the government will be faced with...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
More »Government plans to introduce Bill to regulate Bt cotton prices -Nagesh Prabhu
-The Hindu It will be tabled in the winter session of the legislature Bengaluru (Karnataka): To regulate the prices of Bt cotton seeds in the State, the government is planning to introduce a Karnataka Cotton Bill, 2014, at the State legislature session to be held in Belagavi in December. The Bill envisages the constitution of an authority headed by the Director of the Agriculture Department for fixation of prices of Bt cotton seeds...
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