-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...
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Poor rainfall behind costly pulses: Paswan
-PTI Lucknow: Seeking to deflect Opposition attack over high prices of pulses, Union Food Minister Ram Vilas Paswan on Sunday attributed it to poor rainfall and reduced imports during the last two years. “Several factors have led to the rise in price of pulses. Rainfall was low during the last two years, causing damage to crops. Besides, import was less,” he said at a press conference here. Paswan said last year, pulse production...
More »Slump in Agricultural Exports a Threat for Government’s Vision for Farmers -Sudhakar Gummula
-TheWire.com The government wants to double farmer incomes by 2022, a feat that it cannot achieve without seriously tackling the current slump that has a direct impact on the sale of farming products. As part of its recent budget, the central government announced its aim to double farmers’ incomes by 2022. To this end, the state of agricultural exports is an important factor which needs attention, as it creates an additional demand...
More »From plate to plough: A barren field -Ashok Gulati & Shweta Saini
-The Indian Express NDA government’s plans for agriculture are still to bear fruit As the Modi government celebrates two years in office, any review of its functioning will be incomplete without examining its record on the farm front. In the two years (FY15 and FY16), while the economy grew at 7.2 per cent and 7.6 per cent respectively, agriculture and the allied sector grew at -0.2 per cent and 1.1 per cent....
More »Chickpeas futures trading may face ban
-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while...
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