India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...

The decks seem to have been cleared for conducting the census to identify below poverty line (BPL) families with the ministry of rural development deciding to begin the survey next year. In a crucial move, it has allowed the states to suggest criteria for identification to overcome the limitations of the “one-size-fits-all” approach. After a meeting on Wednesday with the panel of experts set up by the ministry, it was decided to...

PUDUCHERRY: The National Bank for Agriculture and Rural Development has agreed to extend loan to the territorial administration for constructing additional classrooms and laboratories in government schools. In the near future, 559 classrooms would be constructed in the Union Territory, Chief Minister V. Vaithilingam told the Assembly on Thursday. Replying to the debate on the demands for grants to School Education, the Chief Minister said the bank had consented to extend a...

Summer temperature in India is set to remain above average, weather officials said, raising hopes of heavy rains at the start of the monsoon season that will help early sowing of rice, soybeans and lentils. Early sowing and the subsequent early harvest insulates crops from weather risks such as weak rains towards the end of the June-September monsoon season that delivers 75-90% of the rainfall in most parts of India. It also...

The uncertainty over the number of people to benefit from the proposed food security law has abated. With Sonia Gandhi in her new role as National Advisory Council chairperson keeping a vigil, the Planning Commission on Saturday dropped its reluctance to accept Tendulkar committee's report putting the size of the below poverty line (BPL) population at 37.2%. The Planning Commission had so far been keen on going with its own...