Planning Commission Deputy Chairman Montek Singh Ahluwalia told NDTV that he expects food inflation to come down to single digits in two to three months. He said that food inflation at 18 per cent levels is “unacceptable” and the government will take drastic steps if inflation doesn't cool in the next two months. He added that potato prices have come down sharply and vegetable prices are also coming down. Higher prices of...

Orissa will soon formulate a state food processing policy to woo private investment in this potential sector. “A draft policy has been circulated among all stakeholders for their comments after which it will be finalised,” said chief minister Naveen Patnaik while inaugurating an agri and food processing conclave here today. Inviting private investors to invest in this sunrise sector, Naveen assured all necessary support required to promote agri and processed food products. Stating...

Environmental groups have questioned assertions by sections of scientists and the biotechnology industry that genetically-modified (GM) food crops could play a crucial role in ensuring food security. More than 180 GM plants have so far been field tested in several countries, but few have progressed to the stage where commercial seed is available to farmers, the non-government environmental network called Friends of the Earth (FoE) has said. “GM crops are...

Central scheme boosts crop yields significantly, but suffers as NREGA’s success eats into the available workforce S. Mallika, 27, is expecting a windfall this year. The farmer from Kurumpatti village in Tamil Nadu’s Krishnagiri district owns a 5 acre tract, which has been yielding an annual income of Rs50,000 for her family—until now. This year, Mallika is confident her earning would be six times more—Rs3 lakh—and that too from just 1,000 sq....

After easing a bit in the previous week, food inflation was back to near-20% levels in the third week of December as items such as potatoes and pulses continued to belie hopes of sustained relief over prices of essential commodities. The wholesale price-based index of food articles rose by 1.18% for the week ended December 19 from 18.65% a week ago. One week before that, food inflation had stood at...