The Ministry of Tribal Affairs (MoTA)'s plan to introduce a Minimum Support Price (MSP) mechanism for 13 items of minor forest produce (MFP) has been approved by the Planning Commission. Sources in the Ministry told The Hindu that a detailed financial proposal would be sent to the Expenditure Finance Committee of the Finance Ministry by June 7 after which it would go to the Cabinet. Union Minister Kishore Chandra Deo, who...
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Agriculture Ministry proposes Rs 170/qtl hike in paddy MSP
-PTI In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy at Rs 1,250 per quintal for the 2012-13 crop year (July-June). According to sources, the ministry has circulated a Cabinet note among various ministries recommending MSP of Rs 1,250 per quintal for common variety paddy and Rs 1,280 per quintal for 'A' grade variety of...
More »Why FCI doesn’t buy grain futures-Ruchira Singh
Lack of knowledge, fear of political criticism are some of the reasons that are stopping FCI, according to experts What is stopping Food Corp. of India Ltd (FCI) from selling its ample wheat stocks in the open market and buying futures contracts to meet its distribution commitments in the months ahead? Or, for that matter, what is keeping the food procurement agency from selling grain futures internationally, knowing that a bumper crop...
More »Jobs go missing -TK Rajalakshmi
The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...
More »PM should head food security bill: MS Swaminathan- Jyotika Sood
Giving right to food is not enough to deliver food, say speakers at a conference on food security Agriculture scientist M S Swaminathan has called for setting up a body headed by the prime minister for effective execution of the National Food Security Bill (NFSB) once it is enacted. All chief ministers should be members of this board, he added. NFSB was cleared by the Union Cabinet and introduced in Parliament in...
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