The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...

Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...

Legislation targets poor and vulnerable sections among whom malnutrition was particularly high Prime Minister Manmohan Singh said on Thursday that the government was committed to bring to Parliament a Right to Food Act which would serve as a viable safety net for the poor and the vulnerable sections among whom malnutrition was particularly high. Addressing an international conference on ‘Leveraging Agriculture for Improving Nutrition and Health,' the Prime Minister said such...

The budget for the next fiscal is likely to step up the target for farm credit to 4,50,000 crore, up 20% from the current year's 3,75,000 crore. With the agriculture sector seen growing at 5.4% in the current fiscal, the government will push banks to disburse more to the sector to maintain the momentum, said a senior government official. The upheavel in the micro-finance sector will also necessitate greater lending by banks. "The...

Inflation in vegetables to come down to 7% by March Modernisation of agricultural marketing is important when dealing with inflation in the long run, Montek Singh Ahluwalia, deputy chairman of the planning commission, said here today. “The present system of intermediation is high costs and an efficient supply chain. Stress has to be laid on ensuring that farmers are able to realize higher margins, while consumers are able to get cheaper commodities”,...