-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...

-Livemint.com The agriculture ministry says an area of 12.1 million hectares has been planted with pulses, over 11% more than the five-year average sown under the crop New Delhi: Buoyed by good rains and higher prices, farmers across India have planted a record area under different varieties of pulses, shows data released by the agriculture ministry on Friday. So far, an area of 12.1 million hectares has been planted with pulses, over...

-The Hindu Business Line Price increases in inputs may raise break-even for poultry farmers and keep egg prices up There’s a hue and cry about the soaring price of pulses, the primary source of protein for Indian vegetarians. But non-vegetarians, or more precisely eggitarians, too, don’t have it easy. Prices of their key protein source have been hitting record levels in recent months, with retail egg prices in some pockets of the...

-The Hindu Business Line Govt’s production and distribution processes are out of sync with consumption patterns Of late, with growing income and awareness about nutritious food, there has been a noticeable decrease in the consumption of rice (a high-carb food) in Indian households. This change in consumption pattern, however, is not reflected in India’s agriculture policy which continues to revolve around rice and wheat. Moreover, current policies related to production, procurement, storage...

-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...