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Unpaid subsidy means FCI to be starved of funds by December -Sandip Das

-The Financial Express Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Unless the finance ministry releases a good part of the unpaid subsidy of Rs 58,000 crore or let Life Insurance Corporation raise Rs 40,000 crore to support FCI soon,...

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Pulses buffer stock

-PTI The Agriculture Ministry has moved a proposal to create a buffer stock of 3.5 lakh tonnes of lentils during the current 2015-16 crop year through domestic purchase or imports to prevent a further price rise in pulses. “The Agriculture Ministry has sought inter-ministerial comments on a proposal to create a buffer stock of 3.5 lakh tonnes of pulses in 2015-16 crop year,” sources said. Out of the proposed 3.5 lakh tonnes, about...

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No food for cultivators -Devinder Sharma

-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....

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Punjab: When global slump took away the premium tag of basmati - Anju Agnihotri Chaba

-The Indian Express Farmers are unanimous that Punjab hasn’t seen such bad days, with one or the other crop failing in consecutive seasons — and now basmati selling even below parmal. Jalandhar: When farmers in Punjab began taking the harvested grain from their Pusa-1509 superfine basmati paddy crop early this month, they were shocked to see it fetch rates below not just half of last year’s levels, but even the official minimum...

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Karnataka waives interest on crop loans, announces relief package

-PTI The govt would also increase monthly widow pension from Rs 500 to Rs 2,000 in the families of farmers who had committed suicide Haveri (Karnataka): Providing succour to distressed farmers, the Karnataka government today announced waiver of interest and penal interest on crop loans from cooperative banks for the current fiscal and hike in compensation from Rs 2 lakh to Rs 5 lakh to families of farmers who had committed suicide. The...

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