To encourage cultivation of pulses, the Union government on Thursday increased the minimum support prices by up to 33 per cent, but did not extend the favour to other kharif crops. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan Singh, increased the minimum support price of arhar by Rs. 700 a quintal to Rs. 3,000, of moong by Rs. 410 to Rs. 3,170 and of urad by...
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Cabinet to consider hike in MSP of rice, wheat by Rajeev Deshpande
In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...
More »Free power emptying Punjab groundwater: Montek by Priyadarshi Siddhanta
The Punjab government’s policy to provide free power to the farm sector has led to alarming depletion of its groundwater besides unleashing a huge power subsidy burden of more than Rs 3,000 crore, the Planning Commission has said. The Commission has asked the SAD-BJP government in the state to do away with free power to the sector and begin charging “appropriate tariff” for it. In a letter to Punjab Chief...
More »Restoring soil fertility in Punjab by Hardial Singh Dhillon
WITH the introduction of short-term, high-yielding varieties of cereal and oil-seed crops, the cropping intensity has now reached almost 300 per cent in Punjab. Moreover, the intensive use of chemical fertilisers, insecticides and pesticides involve greater use of scarce groundwater resources. The water table has gone down alarmingly resulting in huge investment on installation of costly submersible pumps to draw water for irrigation. This does not auger well for sustainable...
More »World Food scenario appears positive
The Food Outlook of the Food and Agriculture Organization (FAO) that came out in June, 2010 has predicted that world cereal production would be reaching a record level of 2279.5 million tonnes in 2010-2011, which would be an increase of 1.2 percent over last year’s global production of 2253.1 million tonnes. As a result, it has been predicted that there would be a modest increase in world trade in cereal...
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