-Live Mint Notwithstanding the drought, farmers have preferred to sow sugar cane and rice instead of opting for less water-intensive crops such as coarse grains and pulses. The latest sowing data released by the agriculture ministry as of 16 August shows that area under coarse cereals and pulses is down 13% and 12.39%, respectively, from last year, while that for rice and sugar cane contracted only 3.57% and 4.53%, respectively. In the process,...
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CPI Demands Changes in Food Security Bill
-PTI Lashing at UPA government for coming out with "lopsided" food security bill, CPI today said the policy of Above Poverty Line (APL) and Below Poverty Line (BPL) should be done away with and every citizens should be given equal priced foodgrains. "We are protesting against the central government for coming up with a lopsided food security bill. CPI opposes such a bill," CPI Secretary, Jammu Regional Council, Dr G S Charak...
More »Deficient monsoon to add to food, non-food inflation: CMIE
-PTI The monsoon rains, which have been deficient by about 21 per cent this season, are likely to spur prices of food and non-food articles, economic think tank CMIE has said. "We expect the South-West monsoon to remain deficient and the major crop production to decline by 2.3 per cent. This decline in output of major crops is expected to add to the already high inflation seen in food articles," the Centre...
More »Wheat exports by private traders may be banned-Rituraj Tiwari & Madhvi Sally
-The Economic Times The government may ban wheat exports by private traders under open general licence despite having enough stocks to feed the country for two years due to concerns about high global prices and the drought-like situation back home that has triggered a 20% rise in wheat futures in a month. "There are chances that private traders may divert all the available wheat in the market -- released at subsidised rates...
More »Cutting fuel subsidy can cause 2.6% spike in inflation: RBI chief D Subbarao
-The Economic Times Reserve Bank of India Governor D Subbarao has said the proposed elimination of fuel subsidy can lead to a massive 2.6% spike in inflation, an assessment that makes it even more difficult for the government to bite the bullet. While a hike in diesel and cooking gas prices may be long overdue, the government is hard-pressed to contain inflation ahead of crucial assembly polls in Gujarat and Himachal Pradesh...
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