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New crop insurance policy in the offing

-PTI   Patna: Union Agriculture Minister Radha Mohan Singh on Saturday said the central government was working on a new crop insurance scheme to help farmers tackle flood, drought and plant diseases in a better manner. He said it will be launched soon across the country, as the existing scheme has not proved to be beneficial to the farmers. Details will be unveiled during the Budget session of the Parliament, he added. Singh also...

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Cheap LPG set for Rs. 10 monthly hike after budget -Anupama Airy

-The Hindustan Times The government\'s first budget is likely to signal the new administration\'s intention of reforming India\'s fuel pricing regime with monthly hikes of Rs. 10 per cylinder of cooking gas (LPG). Each household will, however, continue to be entitled to 12 subsidised cylinders a year. Currently, a subsidised LPG cylinder costs Rs. 414 in Delhi while the market price - which consumers pay for any demand beyond the quota -...

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Despite record onion yield, prices shoot up -Subodh Varma

-The Times of India   NEW DELHI: There has to be something drastically wrong somewhere when onion prices start rising just after the largest ever harvest of onions. In 2013-14, India harvested 19.3 million metric tons of onions. That's 15% more than the previous year. This is not the final figure: it is the latest estimates put out by the agriculture ministry and may go up or down by a couple of...

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Little respite

-The Business Standard   Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....

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Onion prices likely to soar as major suppliers go on strike

-The Hindustan Times   Already struggling with milk crisis, the state's residents may now face a shortage of onions, as onion traders in Nasik went on an indefinite strike from Monday. Nasik is a major onion supplier to Jharkhand and onion prices are likely to go up if the strike continues. "Nasik meets 40-50% of state's demand of onions. So, prices will go up for sure, if supply reduces. We hope the strike...

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