Continuing with its trend towards moderation, inflation declined to 7.48 per cent in November, mainly boosted by lowering of pressure on certain food items.Inflation had stood at 8.58 per cent in October. It was 4.50 per cent in November 2009. For September this year, the inflation figure has been revised upwards to 8.93 per cent from the provisional number of 8.62 per cent.This is the fourth consecutive month when the...
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Record 16.5 Million tonne pulses production likely this year
India is likely to harvest a record 16.5 million tonne pulses this year. This was announced by the Agriculture Minister, Shri Sharad Pawar, at the 6th Agriwatch Global Pulses Summit here today. The Minister said that though India presently imports a large quantity of pulses, the use of new production technologies and agronomic practices, and government support will lead to self sufficiency. Shri Pawar said that more aggressive promotion of available technologies...
More »Daal not enough? Grow them abroad, says Pawar
Few politicians can match Sharad Pawar when it comes to having one’s finger on the aam aadmi’s pulse, er pulses.At a time Indian entrepreneurs are manufacturing Jaguars and Landrovers abroad, the Union agriculture and food minister wants them to cultivate daal overseas.That would not only help fulfil the growing domestic demand for lentils, Pawar declared today, but also curb the environment-unfriendly dependence on animal proteins.At the sixth Agriwatch Global Pulses...
More »Oiling the oilseeds economy
Edible oil imports have surged to a record 9.24 million tonnes last year and were estimated to be nearly Rs 38,000 crore. They have emerged as the third most important import item, next only to petroleum products and gold. India is now the world’s largest importer of cooking fats, meeting more than half of its requirement through overseas supplies. Considering the country’s huge and fast-growing demand for cooking oils, such...
More »Farm sector grows 3.8% in H1, 2010-11
India's agriculture and allied sector grew by 3.8 per cent in the first six months of the current fiscal, against one per cent in the year-ago period on the back of better Kharif crop output. According to the GDP data released by the Central Statistical Organisation (CSO) today, the country's farm sector grew by 2.5 per cent and 4.4 per cent each in the first two quarters of the current fiscal,...
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