-The Hindu India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...
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Ban on onion export, off wheat
-The Telegraph The Centre tonight banned onion exports to check rising retail prices, re-imposing the curbs only six months after it lifted them following a dip. At the same time, it lifted four-year restrictions on overseas sale of wheat and non-basmati rice to ease storage problems following record production last season. “Onion exports have been banned with immediate effect. The ban will be reviewed on a fortnightly basis,” food minister K.V. Thomas said...
More »SC refuses to ease country-wide ban on endosulfan
-The Economic Times The Supreme Court on Friday refused to ease its three-month old ban on the manufacture, sale and use of pesticide endosulfan despite an expert committee report favouring lifting the restrictions for all states except the worst-affected Kerala and Karnataka. However, a bench of Chief Justice S H Kapadia and Justices K S Radhakrishnan and Swatanter Kumar agreed to consider the industry's request for permission to export the...
More »Rethink on SEZ land limit
-The Telegraph The government plans to revisit the minimum space criterion for special economic zones as developers are facing problems in acquiring land. “Land issues are critical... I think the minimum size is something that needs to be looked at again definitely. You are not going to find 5,000 (hectares) of land area, it is a pipe dream. It’s not going to happen... I think that’s something we need to talk...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
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