-The Economic Times It has never happened since Independence. May be not even in the last 1,000 years what happened during October 2011-September 2012. India exported 10 million tonnes of rice, valued at around $6 billion, becoming the largest exporter of rice, replacing Thailand and Vietnam, generally the two largest exporters of rice. This is now known to many in rice circles. But what is little known is that in 2011-12, India also emerged...
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Sell excess wheat, share profit with farmers, says CACP
-The Economic Times The government should liquidate wheat stocks through exports and sales in the open market and share the proceeds with farmers to raise their income levels, a government panel suggested. In its latest report to the agriculture ministry, the Commission for Agricultural Costs and Prices (CACP), which recommends a minimum support price (MSP) for agriculture crops, is said to have maintained that there is no reason to lift the...
More »30,000 surrender 2nd gas connection in a week -Sanjay Dutta
-The Times of India After much confusion and protests, new cooking gas norms for weeding out duplicate and bogus connections appear to be finally working. Over 30,000 Indane customers alone surrendered their second connections last week, a senior Oil ministry official told TOI on Monday. The official estimated the total number of customers who have surrendered connections in the region of over 50,000, considering that Indane - marketed by IndianOil - covers...
More »Stop fresh investments in KG-D6: CAG -Sanjay Dutta
-The Times of India The Comptroller and Auditor General (CAG) has asked the Oil ministry not to approve any more investments in Reliance Industries's KG-D6 Oil and gas block till the company submits all records of its spending in the Andhra offshore field till 2011-12 for scrutiny. In a November 9 letter to the ministry, a top CAG functionary also suggested a similar action for the Panna-Mukta and Tapti (PMT) group...
More »Oil Cos Resume Issuing Subsidised LPG Connections
-Outlook After a few weeks of hiatus, state-owned Oil companies have resumed issuing new subsidised cooking gas (LPG) connections, beginning with North Eastern states. In September, issue of new LPG connections had been put on hold pending a massive nationwide exercise to eliminate users having multiple connections at the same address. The three Oil PSUs have now started releasing new LPG connections in Meghalaya, Sikkim, Nagaland and Andaman & Nicobar Islands, said Indian...
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