-The Indian Express The Union cabinet lacks a champion for agriculture Policymakers in the corridors of power in Delhi are feeling upbeat. There is recovery and resurgence in India’s stockmarkets. The Make in India campaign is getting more publicity and being noticed by foreign investors. FDI inflows are improving, and India’s ranking in the Ease of Doing Business index seems to be improving, as per some selective ratings. But agriculture, where almost half...
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And now, a PDS jute bag scam -Devesh K Pandey
-The Hindu Government sources told The Hindu that at PDS packaging centres, new unbranded bags were being replaced with used ones. Jute bags meant for packaging of foodgrains under the Public Distribution System (PDS) allegedly provided their manufacturers — in league with some officials of procuring State government agencies, quality insurance inspectors and middlemen — an opportunity to siphon off thousands of crores in government revenue. So serious is the scam that the...
More »New crop insurance scheme to charge 2% premium for pulses -Sanjeeb Mukherjee
-Business Standard At present, the average crop insurance premium on pulses that a farmer has to pay ranges between 10 per cent and 12 per cent of the sum insured New Delhi: To provide a safety net to growers of pulses, which could also help boost production, the Centre's proposed new crop insurance policy has pegged the burden of premium on pulses at a moderate two per cent of the sum insured. Officials...
More »India’s rural crisis, slowed farm growth may hurt 7.5% GDP dream -Zia Haq and Gaurav Choudhury
-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...
More »Food prices to remain lower for longer, says FAO report -Deepanwita Niyogi
-Down to Earth Reasons behind the trend include high inventory levels, lower oil prices and renewed strength of the US dollar The Food Outlook report released on Thursday states that agricultural commodities are going through a period of lower prices and less volatility. After dramatic price rise from 2007 till early 2011, cereal and vegetable oil prices are now steady as well as on the decline, the biannual publication of the Food...
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