-The Hindu Business Line A Budget for agriculture A Budget is, generally speaking, a poor instrument for correcting food inflation. But this one conveys a clear intent to target the economic roots of the malaise by addressing supply side concerns. It also takes a long-term view of issues affecting the sector, transcending short-term production concerns. On the demand side, the simple economic response of reducing consumption can hardly apply, without compromising on nutrition....
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Monsoon, a key driver of Indian economy -Naveen Mathur
-The Hindu Business Line Below normal rainfall will result in agricultural production declining India, predominantly an agriculture-based economy, is largely dependent on the monsoon. The agriculture sector is the backbone of the Indian economy and thus, monsoon should be considered as the backbone of agriculture. The four-month South-West monsoon season, accounts for nearly 75 per cent of the country's total rainfall and plays a crucial rule as about 55-60 per cent of...
More »The pressure builds on rice -G Chandrashekhar
-The Hindu Business Line As Indian consumption rises, the cereal available for exports may shrink For millennia, rice has been an integral part of the cuisine across Asian nations. China (140 million tonnes) and India (105 million tonnes) are two of the world's largest producers of rice followed at a distance by Bangladesh, Indonesia, Vietnam, Thailand, the Philippines and Pakistan. Major exporters include Thailand, India, Vietnam and Pakistan while major importers include...
More »Food prices decline for third straight month – UN agency
-The United Nations Global food prices dip for a third consecutive month in June following a ten-month surge, the United Nations agriculture agency said today. The UN Food and Agriculture Organization's (FAO) price index- which measures monthly changes in the global price of a basket of meat, dairy, cereals, oils and fats, and sugar- averaged 206.0 points in June 2014, down 3.8 points (1.8 percent) from May and nearly 6 points (2.8...
More »Making agriculture remunerative -Ashok Gulati, Nidhi Satija & Bhavik Lukka
-The Financial Express Unless we get it right on the markets front, including opening up of exports, farmers cannot get their full due One of the key objectives of agricultural price policy in India is to ensure that agriculture remains a remunerative occupation so that farmers are incentivised to adopt modern technologies that help raise productivity and overall production of various crops in the country broadly in line with the emerging demand...
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