Indian farmers have much to celebrate this year with a bumper wheat harvest. As predicted by the ministry of agriculture, wheat farmers have begun to harvest what is shaping up to be a record crop, projected at 84.27 million tonnes. We are growing more wheat than ever before. The earlier record of 80.8 million tonnes of wheat production was achieved in 2009-10. Estimates show that foodgrain production including wheat, rice, pulses...

The Empowered Group of Ministers is likely to meet soon to consider a proposal from the Agriculture Ministry to allow wheat exports in the wake of bumper production. "The EGoM is expected to meet in a week or 10 days," Minister of State for Commerce and Industry Jyotiraditya Scindia said here today. The ministers panel is headed Finance Minister Pranab Mukherjee and comprises Agriculture Minister Sharad Pawar , Commerce and Industry Minister...

Andhra Pradesh Chief Minister Kiran Kumar Reddy has stepped in to stop the rotting of grain. Just hours after CNN-IBN reported a record harvest of grain rotting because of lack of storage facilities Reddy has appointed a team of 10 IAS officers to supervise paddy procurement and has issued instructions to minimise wastage by ensuring a supply of gunny bags to warehouses. He has also reportedly asked officials to look into...

The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

What can make a real difference to food prices is determined international action to increase food production in regions that are richly endowed with land and water resources High food inflation has been the source of major concern in India for more than a year. Soaring food prices have been the cause of unease internationally as well. A Food and Agriculture Organisation (FAO) press release of 3 March, 2011 indicates that...