Export of sugar, hike in Above Poverty Line price under Public Distribution System put on hold A meeting convened by Prime Minister Manmohan Singh on Tuesday to discuss inflation and ways to tackle it, particularly the zooming prices of onion, vegetables, fruits, eggs and milk, remained “inconclusive,” official sources said. The Ministers concerned will meet Dr. Singh again in a day or two to come up with measures to tackle food...

Differences within the ruling government alliance over food management came to the fore on Tuesday with home minister P Chidambaram questioning agriculture minister Sharad Pawar's pitch for resuming export of sugar. A meeting convened by Prime Minister Manmohan Singh to discuss measures to calm soaring food prices saw sugar become a key focus area with Pawar plumping for freeing its export, citing an expected bumper crop this year. As soon...

In a major decision that is likely to add to the double-digit food inflation, the government has quietly raised foodgrain prices for Above Poverty Line (APL) families by over 40 per cent. The decision to this effect was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh on December 30. “The Committee considered the note dated 04/10/2010 from the Ministry of Consumer Affairs,...

The Centre today announced doubling of funds allocation under a special plan for Bihar to Rs 2,000 crore for the current fiscal, a move that should please Chief Minister Nitish Kumar who has been seeking greater central assistance. Effectively, the increase in central allocation would mean that the NDA-ruled state can spend extra Rs 1,000 crore on power, roads and irrigation within the three months ending March 31, 2011. The decision to...

The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses. Approved by the Cabinet Committee on Economic Affairs, the main objective of new plan scheme ‘National Initiative on Climate Resilient Agriculture’ is to assess impact of climate change on agriculture and allied sectors in the country and evolve cost-effective adaptation and mitigation strategies. The scheme will be implemented in the remaining part...