-PTI The Prime Minister's Economic Advisory Council today projected 3 per cent growth for the farm sector in 2011-12 buoyed by record grains output, strong growth in horticulture and animal husbandry sectors. Last year, the agriculture sector had grown by 7 per cent. "The Council expects that in combination with the strong trend growth in horticulture and in the animal husbandry sectors, the overall farm sector GDP growth for 2011-12 will average 3...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...

Production to drop drastically this kharif season Pulses and oilseeds are likely to be dearer, particularly to the middle class and poor as their production is likely to go down drastically in the ongoing kharif season in the State. Scanty rainfall in the beginning of southwest monsoon season is the reason for lower coverage of various crops. As per the first advance production estimates prepared by the Bureau of Economics and Statistics...