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India's February WPI inflation firms up to 6.55% -Raj Kumar Ray

-Hindustan Times India’s wholesale price index-based inflation flared up to two-and-a-half years high of 6.55% in February from 5.25% in January mainly due to a spurt in mineral and fuel prices while food prices started rising following rapid remonetisation. The spurt in WPI inflation adds to the worries of a pent up demand after demonetisation which may prompt Reserve Bank of India to keep policy interest rates unchanged for some more months. The...

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Himachal Pradesh to develop 200 organic villages

-IANS Shimla: Himachal Pradesh, whose economy largely Banks on agriculture and horticulture, aims to develop bio villages by promoting organic farming. The state is also eyeing investment in cold chains. An additional 2,000 hectares will be brought under organic farming and there are plans to develop 200 bio-villages in the next fiscal, a government spokesperson told IANS. He said farmers in the bio-villages would use only bio-fertilizers and bio-pesticides and discourage...

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Save the pulse farmer, here's how -Ashok Gulati

-The Financial Express The minimum that the govt can do is to remove all restrictions on a free market for pulses Last year, roughly at this time, the price of tur dal (pigeon pea) in the retail market was hovering around R180/kg. Prices of other pulses were not far behind. They were all spiraling up due to back-to-back droughts during 2014-15 and 2015-16. Production of all pulses had plunged to 16.5 million...

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Post-note Ban, Rs 35,000 crore cash stash flooded MP Banks -Ankur Sirothia

-The Times of India BHOPAL: More than Rs 35,000 crore of stashed cash was pulled out of hidden lockers of corporates and individuals and deposited in 25 major Banks within 60 days of demonetisation in Madhya Pradesh, reveal documents accessed by TOI. More than 40% of these accounts are under I-T surveillance, say sources. Money in Pradhan Mantri Jan Dhan Yojana accounts rose by Rs 461 crore after the note Ban —...

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Poultry row : India asks US to withdraw $450-million WTO fine demand -Amiti Sen

-The Hindu Business Line New Delhi: India has demanded that the US withdraw its plea at the World Trade Organization (WTO) seeking authorisation to impose a retaliatory fine of $450 million annually on the country as it is now fully compliant with the dispute panel’s orders on removal of restrictions on poultry imports. “In view of the fact that India has brought itself into conformity with the recommendations of the DSB (Dispute...

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