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Listen to the CACP

-The Business Standard Govt must stop open-ended procurement of wheat It is not often that the government asks the Commission for Agricultural Costs and Prices (CACP) to review its report on the pricing and marketing policy for wheat — though the commission’s recommendations have been overlooked in the past to factor in political considerations while fixing minimum support prices (MSP). The present controversy over wheat- marketing policies concerns chiefly two issues....

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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...

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Mega stocking by government pushing up Food prices? -Surojit Gupta & Sidhartha

-The Times of India Stocking up of foodgrains by the government could be one of the major factors for the continuing surge in Food prices, warn experts. Latest wholesale price data available on the industry department's website shows that wheat prices are up almost 20% in October compared to a year ago. That's at a time when the government is holding stocks of 42 million tonnes — three times the buffer stock...

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FCI to sell 3 mn tonne wheat in open market to ease prices

-PTI The government has surplus stocks in view of record production last year Food Corporation of India today said it will sell immediately 3 million tonnes of wheat to bulk consumers in open market in an effort to bring down prices. Last week, the Cabinet Committee on Economic Affairs (CCEA) had approved sale of 6.5 million tonnes of wheat under open market sale scheme (OMSS) through the tender process. "Out of 6.5 million tonnes...

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Losing the climate fight

-The Business Standard Worryingly, investment in clean energy declines  Global investment in clean energy will decline perceptibly this year for the first time in eight years, signalling an unwarranted complacency in the fight against climate change. A report by Bloomberg New Energy Finance says funding for renewable energy generation in the first three quarters of this year was $164.2 billion, down from last year’s $196.4 billion. The downturn is the steepest at...

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