-Business Standard This was the fifth straight month of WPI inflation after continued deflation for over a year Unlike deceleration in its consumer price index (CPI) counterpart, the Wholesale price index (WPI)-based inflation rose to 3.74 per cent in August from 3.55 per cent in July. However, even then it remained lower than retail price index-based inflation at 5.05 per cent that had declined from 6.07 per cent in July. This was the...
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Production of kharif pulses seen surging 48% to 8.2 million tonnes -Vishwanath Kulkarni
-The Hindu Business Line Govt also revises Rabi target upwards to 14.4 million tonnes Bengaluru: Higher acreage, driven by the rebound in monsoon rainfall this year, is seen lifting the country’s pulses production by about 48 per cent in the current kharif season to around 8.22 million tonnes (mt) against 5.54 mt produced in the corresponding season last year, according to the Agriculture Ministry. Production of arhar or tur is seen up by...
More »Record increase in sown area under pulses during kharif 2016-17, shows latest data
A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
More »From Plate to Plough: Connecting the drops -Ashok Gulati & Bharat Sharma
-The Indian Express An enduring solution to India’s water woes lies in buffer stocking during monsoon months and release during lean seasons. Till June end this year, the government was worried about how to cope with back-to-back drought. But by the second half of August, the scene changed dramatically and several states were in the spate of floods. In Bihar, more than five million people have been affected and 6,50,000 displaced from...
More »Pulse buffer stock to be increased to 20 lakh tonnes
-The Hindu The Centre on Monday approved the enhancing of buffer stock of pulses to 20 lakh tonnes so as to stabilise the prices and encourage farmers to scale up production. “The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock to 20 lakh tonnes. It will be built through domestic procurement and imports of 10 lakh tonnes each,” an official...
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