The Centre’s fertiliser subsidy bill is set to balloon to at least a whopping Rs 33,000 crore in ’06-07, including arrears of around Rs 6,000 crore in unpaid subsidies/concessions to units in ’05-06.
A proposal to lift the ban on sugar exports is expected to be taken up at a meeting on Thursday, despite apprehensions about the rise in domestic market prices.
It’s never too late to start believing in the hen that laid the golden egg. In the aftermath of the losses suffered by the poultry business earlier this year due to the deadly H5N1 avian influenza virus, the egg is turning pricey - threatening to rival gourmet specialities like caviar.
The government’s neatly laid-out strategy on phased wheat imports to bolster the public distribution system (PDS) in the east and south is threatening to fall to pieces with the State Trading Corporation (STC) and the Food Corporation of India (FCI).
In a concerted bid to put a solid framework in place to boost the growth of the retail trade sector in the country by next year, the food and PDS ministry is pulling out all stops to get the Warehouse Receipts (Development and Regulation) Bill passed by Parliament at the earliest.
Sugar stocks in the country may fall to to a low of 2.5 million tonnes by November, posing a real threat that inflationary trends could get accentuated from the already high level of 5.27%.
For the second year running, the Centre is likely to make a distinct difference between the minimum support price (MSP) and procurement price of wheat, the rabi staple.
Big business involvement in agriculture is set to take off in ’07. Based on emerging trends of corporate financial involvement in the latter part of the 10th Plan period, agri business honchos have concluded that corporate majors are ready to bite big time into the grand agribiz pie.
Productivity of rice per hectare in the world’s second-largest producer of the cereal may have plateaued but applying hybridisation technology for the key kharif cereal could ’dramatically improve’ productivity from the current low levels.
A study by International Food Policy Research Institute (IFPRI) has put out the red alert on the farm sector in the heartland of the green revolution, Punjab.
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