-The Hindu Cheap imported bags are sold as Indian to government agencies for a higher procurement price. The Union Textiles Ministry has unearthed a major racket in large-scale import of cheap jute bags from Nepal and Bangladesh by Indian manufacturers, many of whom were supplying these to government agencies after putting their own seals. The Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, mandates that jute bags supplied to government agencies...

-The Indian Express The Union cabinet lacks a champion for agriculture Policymakers in the corridors of power in Delhi are feeling upbeat. There is recovery and resurgence in India’s stockmarkets. The Make in India campaign is getting more publicity and being noticed by foreign investors. FDI inflows are improving, and India’s ranking in the Ease of Doing Business index seems to be improving, as per some selective ratings. But agriculture, where almost half...

-Down to Earth Reasons behind the trend include high inventory levels, lower oil prices and renewed strength of the US dollar The Food Outlook report released on Thursday states that agricultural commodities are going through a period of lower prices and less volatility. After dramatic price rise from 2007 till early 2011, cereal and vegetable oil prices are now steady as well as on the decline, the biannual publication of the Food...

-The Indian Express Government’s actions on the commodity reveals it is ignorant of how a market economy is run With each passing day this year, agriculture seems to be sagging and so is the Indian farmer. Deficit monsoon rains appear to be the trigger. Although rains offered some respite to Marathwada, the situation in India’s largest agri-state, Uttar Pradesh, has gone from bad to worse. Last year’s drought, with monsoon rains falling...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...