-The Indian Express According to the agriculture ministry’s second advance estimates of crop production for this year, total foodgrain output will surpass the previous all-time-high of 2013-14. India’s production of foodgrains and oilseeds is expected to hit record levels in 2016-17 on the back of a normal southwest monsoon and a decent winter, which would more than offset the impact, if any, of demonetisation. According to the agriculture ministry’s second advance estimates of...

-The Hindu Business Line Bengaluru: Farmers in Karnataka, like their counterparts in other states who have been impacted by the drop in prices and cash shortage triggered by demonetisation, have another problem to contend with — crop loss on account of the failure of rains. It has been a kind of a triple whammy for farmers in the region. Besides being forced to reap a lower kharif output on account of a...

-The Hindu Business Line This kharif, with its high pulses output, provides an opportunity to push procurement, processing — and lift curbs on exports Pulses have been in the news over the last one year and for all the wrong reasons. Sharply lower harvests two years in a row (2014-15 and 2015-16) due to a below-normal southwest monsoon in the kharif season and unseasonal rains during the rabi harvest combined with rising...

-PTI This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets To check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extraordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. “We have...

-PTI India’s index of industrial production contracted by 0.7 per cent in August, the second month in a row that it has remained in negative territory, following a slump in manufacturing, mining and capitals goods segments. Factory output as measured by movement in the IIP had slipped to an eight-month low of (-)2.49 (revised) in July on account of declining output in manufacturing and capital goods sectors. The IIP slump in August is...