Punjab and Haryana have asked the government to declare a minimum farmgate price for the Pusa 1121 variety of basmati in order to protect farmers from price fluctuations. This is the first time that such a demand has been raised for basmati. The proposed farmgate price is similar to the government support price declared for key crops to protect interests of growers. The request that the government declare a minimum...

The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...

Ashok Gulati, Director in Asia for the International Food Policy Research Institute (IFPRI), was appointed Chairman of the Commission for Agriculture Costs and Prices for the Ministry of Agriculture , Government of India. Based in New Delhi, he will be involved in developing appropriate price policy and marketing structures for major agricultural commodities in the country. Gulati’s appointment begins on March 1. Bart Minten will be acting director of the New...

At least 100,000 trade unionists marched through New Delhi on Wednesday in a protest against high food prices and unemployment, piling pressure on an administration under fire over corruption scandals. The demonstration was the biggest in New Delhi in years and included members of a trade union linked to the ruling Congress party, reflecting disquiet within the party over food inflation which hit a high of over 18 percent last December. It...

The deputy director of the education department, Anil Powar, has in a statement to the Panaji police said that rice and wheat allotted on a monthly basis to self help groups under the midday meal scheme can't be sold in the open market, police sources said. The police recorded Powar's statement after a diary seized from Devendra Shinde-accused of selling rice from fair price shops in the open market-revealed that he...