The Union Cabinet on Thursday approved a Rural Development Ministry proposal to launch the National Rural Livelihood Mission that aims to reduce poverty in a time-bound manner through provision of diversified employment opportunities and skill development. The proposal for the big-ticket development mission was earlier approved by the Expenditure Finance Commi-ttee and was taken up by the Cabinet Committee on Eco-nomic Affairs for clearance in a meeting on Thursday even-ing....
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Centre to release 5 million tonnes of wheat in open market next month by Gargi Parsai
Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...
More »EGoM on Food Security awaits NAC’s views by Ravish Tiwari
The Empowered Group of Ministers (EGoM) on Food Security will have to wait for formal views from the National Advisory Council (NAC) before its next move on the government’s promise to legislate a National Food Security Act. The EGoM, which is scheduled to meet Friday, chaired by Finance Minister Pranab Mukherjee, did not list the Bill on its agenda for the meeting. While officials claimed that this was because Deputy...
More »Govt to release more wheat in open mkt to check prices
The government today decided to release five million tonnes of wheat in the open market and retain zero duty on sugar and wheat imports in the wake of soaring food prices. The empowered group of ministers (EGOM), headed by Finance Minister Pranab Mukherjee, decided to offload wheat under the Open Market Sale Scheme (OMSS) at prices lower than the market price. Wheat will be sold from the government godowns between July...
More »An odd royalty calculus by Latha Jishnu
For years now, at least since India passed amendments to the Patent Act to allow product patents in 2005, patents on drugs have coloured and overwhelmed the debate on health issues in the country. Now, the issue of patents on seeds and agriculture inputs promises to become the hot new topic. An indication is the response to a news report “Battle royal over Bt cotton royalty” (May 28, Business Standard)...
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