The government today said it has increased the Minimum Support Price (MSP) for copra by Rs 75 per quintal for the 2011 season, a measure aimed at increasing coconut production in the country. The decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) on the recommendations of on recommendations Commission for Agricultural Cost and Prices (CACP). While the MSP for fair average quality of milling copra has...

This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...

A working group on agriculture constituted by Prime Minister Manmohan Singh has suggested that the government provide farm loans to farmers at four per cent interest rate, raise the Minimum Support Price (MSP) for farm produce to 50 per cent higher than the actual cost of cultivation and expand diesel subsidy scheme across the country.The Working Group on Agriculture Production headed by Haryana Chief Minister Bhupinder Singh Hooda submitted its...

Differences between the National Advisory Council (NAC), headed by Congress party president Sonia Gandhi, and the government over the food security Bill have begun to narrow, but a suggestion by the agriculture ministry to offer cash to poor consumers in case sufficient foodgrain isn’t available remains a contentious issue.“We do not have any serious objections to the recommendations of the NAC. But the ministry wants to have the provision for...

An expert committee set up by the Prime Minister is to examine tomorrow recommendations of National Advisory Council (NAC) on the proposed National food Security Bill."In tomorrow''s meeting, we are going to discuss about the differential foodgrains entitlement scenario and the feasibility of increasing production and procurement," a senior government official told PTI.In the first meeting, there was a general discussion on the proposals made by the NAC. In tomorrow''s...