With rising global crude and food prices overshadowing celebrations of its four years in office, the UPA government on Thursday assured the people that it working toward containing inflation, which it hoped, would be moderated in the next 8-10 weeks.
Under the Bhavantar Bhugtan Yojana, the state pays a portion of the loss incurred by farmers for selling below the MSP, capped up to a limit.
'They will not get more than two seats in Haryana if elections are held now.'
India's wheat procurement in the ongoing Rabi marketing season has already crossed a record 10 million tonne.
"When you switch over, it creates disruption. I don't see disruption lasting too long. You may see the impact for a quarter or so. Then when you look at next 12-15 quarters, it's certainly going to benefit," Jaitley said at the HT Leadership Summit in New Delhi.
In the coming four months from August, agitating farmers will hold 400 meetings across the country to highlight farmers' issues and protest against government claims, reports Sanjeeb Mukherjee.
Check out some of the stocks that will react on the basis of their numbers in the near term.
India's Agriculture Minister Sharad Pawar admitted in the Parliament that the procurement of wheat is slow, and time-consuming.
Following a huge fall in chana production this year, the Centre is set to import more pulses.
Build up inflation rate in the financial year so far was 2 per cent compared to a build up rate of 4.56 per cent in the corresponding period of the previous year. Inflation in food articles as a group rose to 11.08 per cent during the month as against 9.80 per cent in the previous month, mainly driven by exorbitantly high onion prices, the rates of which spiked by over 172 per cent from a year-ago. The annual rate of inflation, based on monthly wholesale price index was at 0.16 per cent in October.
This is bound to create more trouble for the Centre on the wheat front.
Predicting a 2.3 per cent farm sector growth for 2005-06, the Economic Survey on Monday advocated development of alternative markets by shifting from the expensive public procurement and distribution system for better returns to farmers.
The Reserve Bank of India on Wednesday hiked the expected GDP growth for the year ending March 31, 2007 to 8.5-9 per cent.
According to an official source, Rabi Basumatary, the driver who was also abducted by banned United Liberation Front of Asom militants.
The government will take special efforts to ensure adequate credit flow to underserved areas -- the eastern states and Jammu-Kashmir, he added.
In the retail markets, fresh onion is sold between Rs 10 and Rs 12 a kg. Now, farmers have to sell onion at a loss of Rs 2-3 per kg if transport cost is included.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
'Political parties bring out money they have stashed away and start spending it. How large that spending will be depends on how much money has been stashed. So, you are going to have a strong upside coming from the election effect,' says Pronab Sen.
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
Sowing had started on a sluggish note in several parts of the country because of delay in the onset of the monsoon but has picked up pace subsequently as the rains progressed and performed appreciably well in August.
Procurement will be done through domestic purchases as well as imports.
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
Employed with a private construction company, they were engaged in laying a railway track in Dhalai district.
Plans to enhance buffer stock to 500,000 tonnes; Gujarat exempts importers from stock limit
Technology and prudent practices can ensure that crop output does not suffer in years of drought.
With grain procurement target significantly higher, FCI is faced with storage space shortage.
This month has been the "wettest" March in northern and central parts of the country in the past 100 years, the Indian Meteorological Department said on Sunday, and predicted more rains in the coming two weeks.
Almost 30% or a third of the agriculture ministry's budget, is spent on premium for the PMFBY every year
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
Eleven per cent increase in post-monsoon rain and new farm technologies are likely to more than make up for drought-hit kharif crop and result in a bumper grain production of about 220 million tonnes in 2004-05
'Overall, domestic demand has moderated significantly. 'The weakening of private consumption, which for long has been the bedrock of aggregate demand, in particular, is a matter of concern,' RBI Governor Shaktikanta Das said in the MPC meetings, in October.
Officials said good rain in August - though it might not improve acreages much for most crops except urad, moong, and paddy - would help in improving yields in the crops already planted.
For many farmers, though, a bumper harvest isn't good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
He accused the Congress of putting up obstacles to the temple's construction through 'its lawyers' in the Supreme Court.
'The spirit of cooperation between the Centre and states has been diluted in many ways.' 'The level of consultation which used to be there earlier has reduced significantly.'
