A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
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Pulse buffer stock to be increased to 20 lakh tonnes
-The Hindu The Centre on Monday approved the enhancing of buffer stock of Pulses to 20 lakh tonnes so as to stabilise the prices and encourage farmers to scale up production. “The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock to 20 lakh tonnes. It will be built through domestic procurement and imports of 10 lakh tonnes each,” an official...
More »Government to fix prices of essential items, even packed ones -Dipak K Dash
-The Times of India NEW DELHI: Once the central or state government fixes and notifies the retail sale price, retailers cannot sell essential commodities such as Pulses, sugar, milk and edible oils at higher prices in the guise of selling such items in packets. Learning from recent experiences of exceptional spurt in prices of Pulses and particularly huge difference between loose dal and those sold in packets, the consumer affairs ministry has...
More »Govt approves increasing Pulses buffer stock to 20 lakh tonnes
-Hindustan Times (Agencies) The government Monday decided to raise the buffer stock of Pulses to 20 lakh tonnes from 8 lakh tonnes to keep prices stable and encourage farmers. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi. “The Cabinet Committee on Economic Affairs has approved the proposal of Department of Consumer Affairs on enhancing the buffer stock for Pulses up...
More »Kharif crop planting jumps 4% year on year -Madhvi Sally
-The Economic Times NEW DELHI: Crop planting this kharif season has so far covered 4.16% more area than a year ago while water levels in the country's 91 major reservoirs are on an average 17.09% higher, show official data. From the beginning of the kharif season in June till September 2, crop planting has covered 1,054.49 lakh hectares, close to the kharif season target of 1,062.50 lakh hectares, according to data...
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