Monsoon has now covered the entire country and narrowed the deficit to 35%, as monsoon maintained its momentum for the fourth consecutive day.
The northern and western parts of the country remained relatively dry, but for the country as a whole, Tuesday’s rainfall was 10 per cent above normal.
Australian weather department says the phenomenon that curtails monsoon rains is unlikely to be strong this year
“The government will offer wheat for open market sale from the central pool,” food and public distribution secretary Sudhir Kumar said on Twitter.
Traders committees: Government’s APMC Law will prove to be difficult for farmers to find suitable buyers
Traders & mandi market committees do not feel threatened with the government’s move to override the state APMC laws.
Current situation raises the spectre of food inflation, which had rocketed to 20% in 2009 & remained stubbornly high since then, impacting rates & growth.
The government has also decided to set up a 'Price Stabilisation Fund' with a corpus of Rs 500 cr. Food policy analyst Devinder Sharma said the fund can help end minimum support prices.
A price stabilisation fund, steps to set up a national market for farm produce, irrigation schemes and new agricultural universities were announced.
Economic Survey 2014: Govt has an agenda to liberalise agricultural markets, looks at ways to cut subsidies
It proposed corporate involvement in facilitating farmer markets & setting up supply-chain infrastructure by including these activities in the list of activities under CSR.
Narendra Modi government seeks views of retail majors like Walmart, Reliance Retail, Future Group and others to contain price rise
Govt invited top execs of leading retail chains to a meeting with secretaries of ministries of consumer affairs & agri to share their views & help contain spiralling prices.
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