-PTI MUMBAI: The recent five per cent hike in the MSP against 15 per cent average hike in support price for farm produce in the last six years is likely to have only a nominal impact on food inflation Japanese brokerage firm Nomura said in its research report. Government last week raised the MSP of nine farm items, including some pulses and oilseeds, in the range of Rs 60-450 per quintal for...
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Minimum support price of kharif crops raised by CCEA
-The Economic Times NEW DELHI: As sowing picks up across the country, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved increasing the minimum support prices (MSP) of kharif crops for 2013-14 crop year (July-June). The increase is expected to boost the sowing of paddy, cotton, oilseeds like soybean, millets and pulses crop in the country. On the basis of recommendations given by Commission for Agricultural Costs and Prices (CACP),...
More »Policy paralysis could numb 12th five year plan growth: Planning Commission study -Vikas Dhoot
-The Economic Times NEW DELHI: A study commissioned by the Planning Commission to validate the growth estimates of the Twelfth Five-Year Plan has thrown up a rather depressing outlook for the economy, sending alarm bells ringing in the government. An independent think tank, the National Council for Applied Economic Research (NCAER), has pegged average annual growth for the Twelfth Plan at a mere 4.8%, if the present logjam in policymaking continues. The NCAER...
More »Monsoon makes rapid progress across India, arrives in Delhi
-PTI NEW DELHI: Riding on strong easterlies, monsoon made a grand entry today in the national capital even as seasonal rains covered the entire country one month in advance. South-west monsoon, which kept its June 1 date with Kerala, made rapid progress across the country bringing bountiful showers all along and giving relief to most drought- hit regions. The monsoon onset in Delhi today was also a fortnight in advance as the normal...
More »How to reduce our rotting mountains of grain
-The Economic Times India's GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure - reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural...
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