Seeking to pressurise the central government further on the issue of rotting food grains, the Bharatiya Janata Party (BJP) on Saturday, Sep 18 urged the farmers to unite and corner the Congress-led UPA. The saffron party held a dharna in the national capital demanding better storage facilities, and minimum support price for farmers' produce. Speaking to the famers who gathered at the dharna, senior BJP leader Rajnath Singh said, "There is an...
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Farmers in drought hit districts to get diesel subsidy
Farmers in drought hit districts in this unusually heavy rains monsoon season will get a diesel subsidy of Rs 500 per hectare, agriculture minister Sharad Pawar announced here on Friday at the start of the National Conference on Rabi Campaign, even as the Centre awaits bumper crop production for most key Kharif crops including paddy, pulses, coarse cereals and sugarcane. Oilseeds are the only crop where acreage is lower than...
More »Food ministry asks FMC to extend ban on sugar futures by Anindita Dey
Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...
More »Food inflation jumps to 15.1% on supply constraints
Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon. Inflation in food articles in the new series with 2004-05 base was 15.1% for the week ended September 4, compared with 14.6% in the week before, data released on Thursday showed. The central bank chose to lift rates in its policy review on Thursday saying inflation is still a big...
More »Nagar in deep trouble over PDS graft
Minister of state for food and civil supplies Babu Lal Nagar seems to have landed in deeper trouble over alleged corruption in allotment of foodgrain under the public distribution system (PDS). According to sources, the Centre had clearly restrained the food and civil supplies department from distributing wheat allotted under PDS in the form of aata (flour), maida (refined flour) or suji (semolina flour). The department admits this in para-2...
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