-The Economic Times If I say today that I am ready to supply onions, in an improvised form, at Rs 20/kg home delivered, and round the year, people may think either I have gone crazy or I am dipping into the general exchequer to pull off a massive subsidy scheme for onions. Wrong. I will make a cool profit of 15 to 20% in this deal, do a great service to...
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$15 bn rollover of subsidy costs into next budget?
-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
More »Onion crisis to last 2-3 weeks: Pawar -Vishwa Mohan & Dipak Kumar Dash
-The Times of India NEW DELHI: Even as the Centre on Wednesday stepped in to import onion from China and Pakistan in a bid to cool down prices of the staple, Union agriculture minister Sharad Pawar warned that the crisis may continue for another two to three weeks. "Next two to three weeks will be tough. Ultimately, we have to find a solution. We have to import as early as possible," Pawar...
More »India set for bumper winter crops in wake of monsoon rains
-Reuters NEW DELHI/MUMBAI: India looks set for bumper harvests of winter crops such as wheat, chickpeas and rapeseed in the wake of a strong monsoon that has left the soil moist and topped up reservoirs. The crops will follow bountiful summer harvests of rice and soybeans due to the rains, with New Delhi looking to boost agricultural growth to cool double-digit food inflation and revive a slowing economy as manufacturing struggles. With next...
More »Trading on hunger
-The Hindu Roberto Azevêdo's observation that India's food security law may violate its commitments to the World Trade Organization should not take New Delhi by surprise. If anything, the government should be thankful the Director-General - who seems apprised of India's legitimate demand for ensuring food security - has recommended an interim solution until the WTO Ministerial Conference in December deliberates this issue. It was clear from the start that...
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