The UPA government on Thursday raised the minimum support price (MSP) for most rabi crops, encouraging the sowing exercise under way. Aiming at making up the loss in kharif production due to delayed and poor rainfall, the Cabinet Committee on Economic Affairs (CCEA), presided over by Prime Minister Manmohan Singh, raised the minimum support price of wheat to be marketed in 2010-11 by Rs. 20 to Rs.1,100 per quintal. This year, the...
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New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta
In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...
More »Your meal is getting costlier
A simple vegetarian fare of dal, rice, vegetables and chapattis is costing you more every month. Prices of vegetables have almost doubled in the last two months while pulses and foodgrain are costing 25 per cent more. Lady's finger that was available for Rs 28 a kg a fortnight ago now costs Rs 40 a kg. Capsicum is up to Rs 70 a kg from Rs 40 a kg while prices of...
More »Centre may give bonus on paddy minimum support price by Gargi Parsai
The Union Cabinet will consider on Thursday a proposal to give a bonus of Rs.50 per quintal on the minimum support price of kharif paddy that is being procured, following concerns about getting adequate quantity for the Central pool. It is expected that the kharif paddy output would be lower this season by 12 to 16 million tonnes owing to reduced sowing due to erratic Southwest Monsoon. Against 388.26 lakh...
More »Seeds of trouble by Latha Jishnu
Who is afraid of the multinational seed giants? Practically everyone, it seems, barring governments. The more enlightened agricultural scientists, the legion of activists, small farmers and plant breeders across the world have all been worried by the fast dwindling biodiversity and consolidation of the global seed trade through patenting. Now, the UN has joined the chorus of concern but unfortunately its notes, perhaps because it was distant and bass, or...
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