A common platform of several farmers groups, the Indian Coordination Committee of Farmers Movements, has charged the Central government with complete lack of transparency on the implications of the proposed Comprehensive Economic Partnership Agreement or CEPA with Japan and the inclusion of agriculture on its agenda. "Such EPAs, like other FTAs, go beyond what cannot be negotiated under the WTO and we are openly opposed to agriculture in the WTO, in...
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Nagar in deep trouble over PDS graft
Minister of state for food and civil supplies Babu Lal Nagar seems to have landed in deeper trouble over alleged corruption in allotment of foodgrain under the public distribution system (PDS). According to sources, the Centre had clearly restrained the food and civil supplies department from distributing wheat allotted under PDS in the form of aata (flour), maida (refined flour) or suji (semolina flour). The department admits this in para-2...
More »Food ministry asks FMC to extend ban on sugar futures by Anindita Dey
Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...
More »Above normal rains raise India harvest concerns
India’s monsoon rains were 19% above normal in the week to 15 Sept., the weather office said on Thursday, feeding concern cotton and groundnut harvests could be further delayed in Asia’s third-largest economy. “The monsoon withdrawal is unlikely at least in the next couple of days,” said a senior official of the weather office who did not wish to be named. Rains had already exceeded averages by 26% in the previous week. Signs...
More »EGoM may revise issue price for PDS sugar by Devika Banerji & Ajay Modi
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...
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