-Outlook Country's foodgrain production is estimated to decline by 3.5 per cent to 250.14 million tonne in 2012-13 crop year as poor rains have hit rice and coarse cereal crops, but the government said the output will be enough to meet the demand. The foodgrain production was a record 259.32 million tonne in 2011-12 crop year (July-June). "We had produced about 260 million tonne foodgrains last year. This year, we have crossed 250...

-Live Mint Cabinet-approved Bill may stir up controversy after it left out a key proposal to bring CBI within its purview On the day that it approved the anti-graft Lokpal Bill, the first murmurs of dissent against finance minister P. Chidambaram’s call for expenditure cuts surfaced in the Union cabinet—over the seemingly piffling amount of `90.38 crore.   The cabinet eventually overruled the finance ministry’s objections and approved the infusion of the money for...

-Outlook Hapur: Its benefit to farmers was well touted. The reality of the loan waiver is less creditable. In the early hours of a foggy morning in the sugarcane belt of western Uttar Pradesh, produce-laden bullock carts move about in Rasoolpur village, Hapur district, about 50 km from Delhi. As good a spot as any to gauge the impact of the ambitious loan waiver scheme for farmers announced by the UPA-I...

-The Economic Times India's consumer prices climbed 10.56 per cent in December from a year earlier. This will hold the RBI's rate-cutting hand and prove politically painful for the government. The increase in the Consumer Price Index (CPI), over three percentage points more than the increase in the Wholesale Price Index (WPI) number, is due to a spurt in prices in the food and beverage category - mainly vegetables, oils and fat,...

-Outlook The agriculture sector witnessed record foodgrains output of 257.44 million tonnes in this year enabling the country to become world's largest rice exporter for the first time, but the monsoon played spoilsport dashing farmers' hopes of an encore in 2013. A hefty increase of Rs 1 lakh crore in farm credit target to Rs 5.75 lakh crore was a major highlight for the sector in 2012, while the continuing farmers suicide...