THE government on Thursday raised the minimum support price of paddy by Rs 50 per quintal to Rs 1000 per quintal in what may push up its food subsidy bill, pegged at Rs 5 5,578.18 crore in the current fiscal. The Cabinet Committee on Economic Affairs chaired by Prime Minister Manmohan Singh also increased the minimum support price of pulses by up to Rs 700 to touch Rs 3,170 a...

The reported decision of the Cabinet Committee on Economic Affairs taken at a meeting, chaired by Prime Minister Manmohan Singh, to keep the minimum support price of cotton unchanged for kharif season 2010-11 has left three million growers of the state unhappy. Vidarbha Jan Andolan Samiti president Kishore Tiwari said, "The prices were last revised in 2008-09 and during election year it were raised to Rs 3,000 a quintal more...

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...

Food inflation rose marginally to 16.35% for the week ended March 20 mainly on account of high prices of pulses and milk. The inflation stood at four-month low of 16.22% for the week ended March 13. The rise in food prices is mainly driven by pulses, which became dearer by 31.55%. Milk prices rose by 18.74% on the yearly basis. On weekly basis, the index for food articles rose by...

Food inflation rose marginally to 17.87% for the week ended February 20 on the back of higher prices of milk, wheat, rice and vegetables. The figure in the previous week was at 17.58%. On an annual basis, price of rice increased 10%, wheat 14%, pulses 35%, onions 11% and potatoes 28%. Inflation in fuel, power light and lubricant group was 9.59%, slightly lower than 9.89% in the previous week. However,...