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India rethinks frequent ban on export of foodgrain, other farm commodities-Amiti Sen

-The Economic Times   India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports.  The move will help India restore some global credibility as it has often faced flak for its banning spree.  "Once we are ready with the proposal, it will...

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30 per cent below

-The Business Standard The government must prepare for below-normal monsoon A massive 30 per cent deficiency in the monsoon rainfall in June, coupled with an anticipated low precipitation in September, may add to the government’s difficulties in achieving its growth and fiscal deficit targets. Agriculture may not be the only victim of poor rainfall. Its contribution to gross domestic product (GDP) may have dipped to mere 15 per cent but it still...

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Is the rural theme losing its charm?-Krishna Merchant

-Live Mint Realized prices for the farm sector continue to soften even though the government has raised the minimum support prices by over 20% Like every year the government has hiked minimum support prices to help the farmers realize good returns in early June, but India’s rural growth story is expected to run out of steam because of falling realizations of farmers and limited policy support, according to a recent report by...

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Rain deficit: Jobs, farming, economy under a cloud-Zia Haq and Gaurav Choudhury

-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...

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90% people prefer ration over cash transfer: Survey

-The Hindu An odd job that was going to earn her some extra money happened to turn 23-year-old Aarthi Jaiswal into a voice for her neighbourhood in Jahangirpuri here. A few months ago she and a group of her friends were hired for Rs.150 per day to conduct a house-to-house survey asking for people’s opinion on the Delhi Government’s proposal to replace the public distribution system with direct cash transfers into...

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