-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...

PUNE/ KOLKATA: Heavy rains lashed Mumbai and parched fields in peninsular India as the monsoon resumed its journey after an agonising 11-day interruption, but the unforeseen 41% rain deficit this month has taken its toll, with vegetable prices rising sharply for the third straight month.  The monsoon, almost stagnant since June 6, touched southern parts of Gujarat and Chhattisgarh on Sunday. It is forecast to gain momentum in the next three...

-The Pioneer Chief Minister Shivraj Singh Chouhan here on Saturday announced that farmers in the State will get interest-free loans. After ending his 24-hour fast observed to protest the hike in fertiliser prices over the last one year, Chief Minister Shivraj Singh Chouhan told mediapersons, “This zero per cent rate of interest would be applicable for loans given to farmers since April 1 this year.” When the Congress was in power, farmers used...

-The Times of India Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut petrol prices by up to Rs 2 per litre on Friday due to falling international crude prices. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the last one year, have provided enough legroom for the oil firms to reduce petrol prices.  State-owned oil marketing...

-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further.  The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...