With wheat production expected to touch a new high during the ongoing Rabi season, a demand for its export has gained ground in UP. The export, is seen as the only way to help ease the problem of plenty and also to ensure remunerative prices to farmers. Incidentally, India's overall wheat production is also estimated to go up substantially. This comes at a time, when there is a global slump with...

The Power Ministry plans to impose huge penalties of over Rs 1 lakh per day on industries that fail to achieve energy efficiency targets under the three-year Perform, Achieve and Trade (PAT) programme starting April 1. PAT, which aims to increase industrial energy efficiency, is expected to bring down energy consumption by 5 per cent, amounting to an avoided capacity of over 5,600 MW over the three-year period. There would be strict...

Farmers with irrigated fields in Punjab and Haryana will start sowing cotton in a fortnight. Agriculture department officials estimate a 10% to 15% increase in acreage this season as cotton has become more lucrative than paddy, basmati and pulses. Government's paddy procuring agencies and basmati exporters don't think that the staple's production will take a hit. "We estimate the area under cotton across the country to increase by 15% and prices will...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...

Prof Abhijit Sen, member of the Planning Commission, discusses Budget provisions related to the agriculture sector in an interview with Rajesh Bhayani and Sanjeeb Mukherjee. Sen feels, futures trading in essentials commodities like wheat and rice should not be allowed. According to him, India should follow China in having an agency for procuring commodities from the global market. There seems to a renewed focus in this Budget on ancillary items of...