A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
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Government to fix prices of essential items, even packed ones -Dipak K Dash
-The Times of India NEW DELHI: Once the central or state government fixes and notifies the retail sale price, retailers cannot sell essential commodities such as pulses, sugar, milk and edible oils at higher prices in the guise of selling such items in packets. Learning from recent experiences of exceptional spurt in prices of pulses and particularly huge difference between loose dal and those sold in packets, the consumer affairs ministry has...
More »Govt may increase MSP for rabi crops by 10% -Sandip Das
-The Financial Express Likely to give bonus of up to Rs 425 per quintal on pulses In a bid to boost production of pulses and oilseeds, the government is likely to announce 5 to 10% hike in minimum support price (MSP) for the rabi crops, including wheat, barley, gram, masur and mustard, for the 2016-17 season besides a bonus on pulses in the range of Rs 250 to Rs 425 per quintal. Sources...
More »Centre's action cools off dal prices -Dipak K Dash & Vishwa Mohan
-The Times of India NEW DELHI: Prices of all major pulses have crashed, and arhar, in particular, is now selling in the range of Rs 120 and Rs 136 a kg in the four metro cities. Arhar is retailing at Rs 102 per kg even in Patna from where Bihar chief minister Nitish Kumar had launched an attack on the Centre's failure to check prices with his slogan "Arhar Modi" just...
More »Centre joins issue with CAG over LPG
-The Hindu The Centre had carried out an exercise to eliminate duplicate, fake, ghost, and inactive accounts New Delhi: The Petroleum Ministry has issued a rebuttal claiming its calculations were correct on the savings on account of direct benefit transfer in LPG cylinders tabled in Parliament. A report by the Comptroller and Auditor General had questioned the method arrived at on the savings, more than 10 days ago. The report, tabled on August 12,...
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