-Down to Earth International prices of basmati have been declining over the last two years With prices of grains and cereals plummeting worldwide, basmati rice exporters have urged the Union commerce ministry to include packaged basmati rice in the Merchandise Export from India Scheme (MEIS). MEIS allows exporters of certain goods access to “Free on Board (FOB)” value, which means the shipping charges are borne by the importer instead of the exporter....
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Bigger rural outlay to power growth: FM
-The Hindu Business Line 10 years on, MGNREGA to get more funds New Delhi: Barely three weeks ahead of Budget 2016-17, Finance Minister Arun Jaitley indicated that the government could increase budgetary allocations for rural and social schemes like the Mahatma Gandhi National Rural Employment Guarantee Act. The allocation may be even higher than the ₹35,000 crore allocated in 2015-16. “One engine to grow further, despite the global slowdown that has also impacted our exports, can...
More »Punjab ‘emptying’ reservoirs to grow water-guzzling rice -Gurpreet Singh Nibber
-Hindustan Times Chandigarh: First, the good news. Punjab has made a record contribution of rice to the central pool. During the 2015-16 crop season, the state contributed 93.5 lakh tonnes to the public distribution system (PDS). Now, the bad news. To grow one kilogram of rice, as many as 5,337 litres of water is required ‑ more than 260 buckets of 20-litre capacity. The water consumed by rice for the central pool...
More »Farm policy needs to change with the times -Nilabja Ghosh
-The Hindu Business Line Land should not be viewed as the only factor of productivity. And, managing food prices calls for better market intelligence The Centre’s emphasis on manufacturing, manifested in initiatives such as ‘Make in India’ and ‘Skill India’ have a downside: relative indifference to agriculture. Some of this is already visible in terms of rural distress and food price inflation. This can prove costly to the economy, reminiscent of the...
More »Onion prices up on minimum export price exemption -Dilip Kumar Jha
-Business Standard India exports onion largely to Saudi Arabia, Colombo and some other far-east countries with an estimated annual volume of 1.5 million tonnes Onion prices have started firming up, in the wake of the government’s move to abolish minimum export price (MEP) on the vegetable. While most markets in Maharashtra remained closed on account of Christmas and other festivals, prices of onion in Delhi markets moved up by Rs 100 to Rs...
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