The government on Tuesday said wheat production will touch a record 82 million tonnes in the current rabi season despite “some Damage” to the crop in unprecedented rains this year. “We are targeting 82 million tonnes of wheat production for the current season. I admit there is some Damage due to rains, but productivity has also increased at the same time. Hence, there will be no impact on overall production,” Agriculture...

Prime Minister Manmohan Singh on Tuesday released Rs.400 crore for the Andhra Pradesh government as advance from the National Calamity Contingency Fund to take up immediate relief and rehabilitation measures in the State that were affected by unprecedented rains and cyclonic storms in the last few months. Dr. Singh told a delegation of over 20 Congress MPs that the Centre would take speedy action on the reports of the Central team...

Retail prices of onions continued to remain high on Tuesday even as a ban on exports led to a 30% fall in wholesale rates. The government, however, cautioned that retail prices would fall from current exorbitant levels (of Rs 75-80 per kg) only after three weeks. But prices are expected to return to the last month's reasonable levels (Rs 20-25 per kg) across the country only in March, when the...

With the Union government refusing to play Santa Claus and regulate market forces, the merciless rise in onion prices threatens to mar Christmas, New Year and Makar Sankrantri festivities. With several markets reporting a further rise in prices to about Rs.85 a kg, Prime Minister Manmohan Singh intervened, by directing the Ministries of Agriculture and Consumer Affairs to take steps to bring its prices to affordable levels. According to sources, the Prime...

India's government has banned the export of onions after the vegetable doubled in price in the past week. The rise has been blamed on unusually heavy rains in growing areas, as well as on hoarders and speculators. Prices have jumped to 70 rupees ($1.55; £0.99) per kg from 35 rupees last week. The ban is until 15 January and India is importing onions to ease shortages. Onions are a basic ingredient in many...