-Outlook To protect BPL families from possible price rise, the Cabinet Committee on Economic Affairs (CCEA) today gave its approval for selling imported pulses and edible oil at subsidised rates through ration shops. The CCEA also approved an outlay of Rs 884 crore for computerisation of public distribution system (PDS) that is aimed at, among other things, elimination of bogus ration cards. Announcing the decisions, Finance Minister P Chidambaram said, "The CCEA today...
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Economic prosperity fuelling food inflation: Raghuram Rajan
-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...
More »Foodgrain output projected to decline by 10 per cent: Pawar
-PTI India's foodgrains production is projected to decline by 10 per cent in the kharif season of this year at 117.18 million tonnes due to deficient monsoon and drought in some states. However, the government expects to make up for the decline in output during the Rabi season (winter sown crop). Foodgrain output stood at 129.94 million tonnes (MT)in last year's Kharif season. The production of rice - a major Kharif crop -...
More »Big mart dream spurs debate-Sanjeev Kumar Verma
-The Telegraph Patna: Farmers in Bihar have set their sights on foreign funds for a change in their fortune though economists have cast a doubt on it. Ask Nitish Kumar, a farmer of Darveshpura village in Nalanda district, who hogged the limelight a couple of months ago with record production of potatoes. Nitish had no one by his side when he was forced to go for distress sale of the same potato, which...
More »Micro irrigation answer to depleting ground water level: Sharad Pawar
-PTI Agriculture Minister Sharad Pawar today said the ground water level in the country is decreasing and there is an urgent need to check this through encouraging micro irrigation. "The ground water table in the country has come down in the last few years and in order to check this we should work with technologies like drip and sprinkler irrigation, which minimises loss of water," Pawar said in his inaugural address at...
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