“If countries impose export ban, import duty, there will be an inflationary trend” The outlook for global wheat production is still positive Restrictions can cause inflationary trend on food prices in 2011 and 2012 The drought in Russia and the floods in Pakistan that have affected wheat production will impact food prices as in 2007-08, says a senior official of the World Food Programme. WFP Deputy Executive Director Ramiro Lopes da Silva says: “The...
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Drugs getting costlier, people cheaper by Harsimran Shergill
MONA SANGWAN, a teacher at a private school in Delhi, who earns just Rs. 4,000 a month and is her family’s sole earning member, had nearly begun to despair. How on earth was she going to raise Rs. 7,000 every month to buy the medicines her brother Ashwini, a kidney transplant patient, needed? Mona would have continued to despair had not the NGO Sarvohit Social Welfare Society stepped in. And to...
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 »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...
More »EGoM may revise issue price for PDS sugar by Devika Banerji & Ajay Modi
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...
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