Availability of commodities to be augmented The Centre on Wednesday stepped up its efforts to rein in food inflation, which touched 18.32 per cent for the week ended December 25 last with onion price soaring to Rs. 60 a kg in retail. Prime Minister Manmohan Singh met Finance Minister Pranab Mukherjee, who later held a closed-door meeting with Agriculture Minister Sharad Pawar and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Mr. Pawar...
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Food subsidy bill may rise to Rs 81,000 cr
Government’s food subsidy bill is expected to swell to around Rs 81,000 crore in the current financial year, up from the Budget estimate of around Rs 68,000 crore for 2010-11 because of higher cost of procurement of wheat and rice and increased allocations to below poverty line and above poverty line families in the current financial year, official sources said. The 19% estimated increase in food subsidy also includes those part...
More »'Pulses' high consumption, low output to hit food security'
India could face serious problems in providing food security, if the present gap between the consumption and production of pulses is not filled, according to a report by industry body Assocham. "If the production of pulses in the largest producing nation dips, it becomes difficult for the global markets to fill up the gap," Assocham said in a statement today. India is world's largest producer and consumer of pulses. However, still there...
More »Centre allows export of 5 lakh tonnes of sugar by Gargi Parsai
Production this year likely to be 24.5 million tonnes, compared to internal demand of 23 MT The Centre has allowed export of 5 lakh tonnes of sugar. It has asked sugar mills to register themselves for seeking the Release Order for exports under Open General Licence (OGL). They have been allowed to export raw, white and refined sugar, but no export subsidy will be given. Export only from new output The OGL export...
More »No relief from high food prices in New Year by Gargi Parsai
If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...
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