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Drought spiral: Sugar output falls, prices of pulses may remain high -Zia Haq

-Hindustan Times India’s sugar and cotton output is showing signs of falling for the first time in five years and insufficient pulses production could keep prices high, early estimates showed in the midst of a crippling drought across a vast swathe of the country. However, the country will still have a surplus of cereals despite back-to-back drought trimming overall foodgrains output from normal-year levels. Sugar output is projected to fall between 8% and...

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Wholesale food inflation at 17-month high

-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...

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Rural Distress: Back-to-back drought adds to the woes -Sahil Makkar, Sanjeeb Mukherjee & Nirmalya Behera

-Business Standard The well-irrigated states of Punjab, Haryana, Karnataka, western Uttar Pradesh and coastal states such as Odisha are, for the first time, feeling the effects of a poor monsoon Bhopal/ New Delhi/ Bhubaneshwar: Farmers are faced with a multitude of problems. Cotton and basmati rice growers in Punjab and sugarcane farmers in west UP are under stress due to the non-payment of insurance and state compensation. Growers in Odisha, Madhya Pradesh,...

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Ramesh Chand, Member, NITI Aayog speaks to Richa Mishra and Surabhi

-The Hindu Business Line The decline in share of cooperatives in total farm credit is a cause for concern and needs to be corrected, says Ramesh Chand, Member, NITI Aayog . An agriculture expert and a full-time member of the Aayog, Chand believes that financial inclusion in the sector has three dimensions – geographical distribution of farm credit, more long-term credit, and larger role of cooperatives. In an interaction with BusinessLine, Chand...

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A new inspector raj

-The Indian Express The current crackdown on the pulses trade may do more harm than good in the long run. The government has reasons to be concerned over spiralling dal prices — even more so when arhar at Rs 200 per kg has become a major campaign theme in the ongoing Bihar assembly elections. But that does not justify the kind of desperate measures it has resorted to. Not only have...

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