-PTI Says some of the immediate measures are implementing APMC Act in all states Stating agriculture has the potential to take India's growth to 8% and create millions of jobs in rural areas, assocham has suggested a slew of measures to the Government in this regard. It has suggested the NDA government to adopt an enabling policy environment, modern technology and boost supply-chain efficiency to address food inflation, encourage investment-led growth and ensure...
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El Nino likely to cause loss of Rs 1,80,000 crore this year: assocham -Soma Basu
-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (assocham) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...
More »Broken link in the agricultural supply chain
-Live Mint FDI in retail and modernization of agriculture are two faces of the same coin In the season of elections animal spirits rule. India's equity markets have been ebullient for some time now. Spurred by a robust inflow of foreign investment capital, markets have reacted favourably. A lot now depends on the ability of the next government to enact meaningful structural reforms, especially in a sector such as agriculture that requires...
More »The bane of unprofessional warehouses-Dilip Kumar Jha
-The Business Standard There is an urgent need to develop a strong warehousing system equipped with modern and scientific storage facilities Mumbai: Around 30% of India's foodgrains harvest gets wasted because it is unprofessionally managed in the warehouse, a joint study conducted by The Associated Chambersof Commerce and Industry of India (assocham) and Yes Bank, said.Owing to extreme dearthof about 35 million tonnes (MT) warehousing capacity together with massive foodgrain storage shortfall...
More »About 40% foodgrains stored unprofessionally: assocham
-PTI About 40 per cent of government's foodgrain is stored in an "unprofessional" way due to acute shortage of storage capacity to the tune of 35 million tonnes, industry chamber assocham said on Wednesday. Currently, 70 per cent of the total warehousing capacity of 112 million tonnes is owned by the government. Additional 35 million tonnes of storage capacity is required in the 12th Five Year Plan (2012-17) period, it said. "About 30-40...
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