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Prime Minister Manmohan Singh seeks consensus on trade policy

-The Economic Times Prime minister Manmohan Singh is meeting a group of ministers including Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar, Food Minister KV Thomas and Commerce Minister Anand Sharma to arrive at a consensus on trade policies especially in sugar and cotton exports. Recently, Pawar had criticized the export policies of cotton and sugar. The sugar export is a contentious issue as even after having a surplus production and international...

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Thomas insists on giving grain as NREGS wage-Sandip Das

Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas  on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...

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Jairam says ‘no' to foodgrains as part payment-K Balchand

“The best way to solve the problem of surplus foodgrains is to roll out food security law” Opposing the Union Finance and Food & Civil Supply Ministries' proposal for providing foodgrains as part payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme, Union Rural Development Minister Jairam Ramesh holds that the best way to solve the problem of surplus foodgrains is to roll out the food security law...

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Brace for price rise, kharif MSP may be raised up to 30%-Rituraj Tiwari

Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...

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Granaries to graveyards

-The Business Standard   Too much grain, and no way to distribute it In about a month from now, the country’s ever-bulging foodgrain stockpile will bloat further to over 75 million tonnes, a record amount. This will be nearly two-and-a-half times the stipulated maximum food buffer. Worse, it will outstrip the available warehousing capacity (covered and open) of 63 million tonnes by a wide margin. Even today, a good part of the present...

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