Data compiled by National Collateral Management Services (NCML, a non-government body) shows a 6.3 per cent rise to 109 million tonnes (mt). The Union ministry of agriculture's first advance estimate was 100.5 mt, as compared to 102 mt in last year's fourth advance estimate.
The formula for success of farm economy is very simple -- farmers should be able to produce more from the same piece of land at reduced cost while minimising risk and be connected to market to get higher realisation for their produce, points out Siraj Chaudhry.
While reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail, farmers are unlikely to use it for fear of upsetting commission agents.
There is a need for stimulus, as India is essentially a consumption economy, argues Cargill India chairman Siraj Chaudhry
'There is a need for stimulus, as India is essentially a consumption economy.'
Domestic food companies, too, continue to bet on packaged foods.
The Bombay high court on Thursday commuted to life imprisonment the death penalty awarded to three convicts in the 2013 gangrape case of a 22-year-old photojournalist inside the defunct Shakti Mills compound in central Mumbai, saying that they 'deserve imprisonment for life to repent the offence committed by them'.
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