User: news_bipp Topic: idp_ag
Category: price_distribution
Last updated: Jan 29 2020 11:30 IST RSS 2.0
 
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"3 Things To Speak ...": P Chidambaram's Advice To PM Before Delhi Polls 29.1.2020 NDTV News - India-news
With the Budget only three days away, former Finance Minister P Chidambaram hit out at Prime Minister Modi and his government this morning over the state of the economy, highlighting shortfall in tax...
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Harley-Davidson's sales growth struggle sends shares tumbling 29.1.2020 Reuters: Money News
Harley-Davidson Inc on Tuesday reported a decline in quarterly motorcycle revenue that outpaced Wall Street's estimates as retail sales in the United States dived again, sending its shares lower.
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Rising Food Inflation Makes Rural India Turn To Rotis, Watery Dal 29.1.2020 NDTV News - India-news
Nazir, 70-year-old farmer from Naya Khera village in Hardoi district of Uttar Pradesh, has cooked a meal of watered-down dal and rotis for dinner. "To make the dal tighter, I will need more dal. When...
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Sugar buyers nervous as Indian export surge fails to materialise 28.1.2020 Reuters: Top News
Global sugar buyers are growing increasingly nervous as a much touted surge of Indian sugar exports has failed to materialise, with some mills reluctant to sell even as global prices trade near 2-1/2-year highs.
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Nifty, Sensex fall as China virus spreads; metals stocks slide 27.1.2020 Reuters: Money News
Indian shares followed Asian peers lower on Monday, dragged down by metals stocks, as fears about the economic impact of China's spreading virus outbreak curbed risk appetite.
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Graphic: Confidence rises in UK economy after election, but will it last? 27.1.2020 Reuters: Money News
Prime Minister Boris Johnson's emphatic December election win has triggered a burst of optimism among British businesses and consumers, weakening the case for a Bank of England interest rate cut this week.
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For India’s ‘One Nation-One Ration Card’ plan to succeed, it must overcome three key obstacles 26.1.2020 Scroll.in
Inter-state migrants cannot be beneficiaries of the public distribution system. The scheme seeks to correct this.
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Why Mumbai 24x7 is not a thumbs up with mall owners 26.1.2020 Rediff: Business
Experts feel that mall owners anticipate an increase in costs to the tune of 15-20 per cent annually, prompting a mixed response to the '24 hours' initiative. A mall owner said while the policy is good in spirit, implementing it would be a challenge as night shopping or eating out wasn't a habit in Mumbai yet.
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Record Wheat Production 26.1.2020 Central Chronicle
Now India is world’s number 2 producer of wheat after America being at the top place. The India has surpassed Australia and Canada which were at number 2 and 3 in the ranking. There were days after the Independence when India for many decades imported wheat, rice, maize, milo etc. for our domestic consumption. Now we are producing bumper crops which established that how much progress as nation we have made in 7 decades. Now we are exporting quality and coarse wheat and rice to other countries. But it is paradox and WTA compulsion that besides exporting we are importing wheat. The Indian flour and food items making industries reporting wheat from Australia, which is cheaper than domestic wheat. Every year the Government is enhancing minimum support price of wheat and all other crops that make domestic produce more costly then imported wheat of Australia. The India has raised the wheat support price this year by 6 per cent at Rs1840 rupees per 100 kilogramme. India’s wheat production will rise 2 per ...
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Bonus for Wheat 26.1.2020 Central Chronicle
The Chief Minister Mr.Kamal Nath Cabinet has given more incentives to farmers by taking a decision to give Rs.160 per quintal more on wheat over and above the Central Government minimum support procurement price. The last Government of Chief Minister Mr.Shivraj Singh Chouhan also paid Rs.100 per quintal more on wheat minimum support price. But his gesture created a serious difficulty for his Government. The farmers of neighbouring states the Rajasthan, Uttar Pradesh and Maharashtra brought their wheat stock to Madhya Pradesh as in their states there was no payment of bonus. They sold it through the local farmers and bribery at the purchasing centre to get the benefit of the bonus. This created financial difficulty for the Madhya Pradesh Government. Moreover the NABARD and the FCI, the Central Government procurement agencies objected to Bonus practice of Madhya Pradesh. The Central agencies procured the wheat first and after their full quota the State procurement started. The farmers were not selling ...
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Indore-Manmad Rail Line 26.1.2020 Central Chronicle
A four party agreement is signed to lay down a new rail line between Indore and Manmad. It will reduce the distance between the two stations by 171 kilometer and travel time will cut short by four hour from 13 to 9 hours. It will connect the North and Central India with Mumbai, Pune, Bangalore and Chennai in a straight rail line. At present travelers go by zig zag routes from Indore-Ratlam as Western Railway Delhi-Mumbai Section. It will speed up not only the passenger but goods movement also. Beside time it will provide less fair and time in this new route. It will be a bypass travel in less cost and time. Presently the travel Indore to Mumbai is via Ratlam and Delhi-Mumbai section distance is 815 kilometers. The new line will reduce it to 644 kilometer. The new line will be 176 kilometer in Madhya Pradesh and 186 kilometer in Maharashtra. The cost of the project the share of Jawaharlal Nehru Port Trust will be of 55 per cent and 15 per cent each of Indian Railway, Government of Madhya Pradesh and ...
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Bank Rates Up 26.1.2020 Central Chronicle
The Reserve Bank Monetary Policy Committee again enhanced the bank lending rates on August one for the second time in quick succession. In June also it enhanced the rates. Now Repo rates have been enhanced by 0.25 basic point to make it 6.50 and Reserve Repo rates now stand at 6.25 per cent. Under the impact of RBI action the other banks will also increase the lending rates affecting the home, car and other loans. Although the banks have increased the interest rates on deposit like fix deposit are so marginal that is below the enhancement of RBI rates on banks. Recently the Central Government hold the Government Commercial banks to enhance deposits and not depend on the Government for all time to come to get Capital Support. But now the RBI enhancement have neutralized it. This time also the RBI has taken a plea of increase in prices and inflation in food segment. It said that the Minimum Support Price (MSP) increase for crops, crude, petrol prices will push up inflation. But the MSP should not be ...
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Wholesale Inflation 26.1.2020 Central Chronicle
In a severe jerk to the Indian economy the wholesale inflation has rose to 5.77 per cent in the last month of June. It is highest since December 2013. The official data revealed that large part of it driven by the almost constantly rising prices of fuel-mainly the petrol, diesel, natural gas, L.P.G and power rates. While wholesale prices on primary articles components of the index rose to 5.3 per cent in June from 2.16 per cent in May. This was not due to food price inflation which rose marginally to 1.8 per cent from 1.6 per cent over the same period. The real push upwards in wholesale inflation came from the crude petroleum- petrol, diesel, natural gas segments. The inflation surged to 48.7 per cent in June from 26.9 per cent in May. In fuel and power segments the inflation rose to 16.2 per cent from 11.2 per cent. Due to content increase and fluctuation in transport charges the manufacturing sector accelerated in June to 4.17 per cent from 3.73 per cent in May. In industrial and all other ...
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Soya and Shivraj 26.1.2020 Central Chronicle
The Madhya Pradesh had achieved the status of being the Soya State of India decades back being the largest producer of Soyabean in the state agriculture. Both the Central Government policy and programme of fixing the Minimum Support Price (MSP) the Soyabean crop was not included. It was Mr.Chouhan who secured support price for the soyabean also. Soyabean is food in its flour and edible oil also in its extraction. Country is facing shortage of edible by 60 per cent of the requirement and we are importing in proportion. Madhya Pradesh soyabean is providing much of soyabean oil in the country.Now with the trade war between US and China in soyabean US export and China’s import is affected. The China requirement of soyabean of Rs.11-12 crore tones while its domestic production as one crore tones. It is importing 10 crore tones from US. Mr.Chouhan has suggested to the Prime Minister of see export of soyabean to China. It will give good price to farmers and our balance of trade with China will also improve.
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Wheat Stocks Damaged 26.1.2020 Central Chronicle
Despite Government claims of adequate arrangement for wheat procurement on minimum support price in a first unseasonal rains in mid-April quintals of wheat stock at the purchasing centre and standing crop in field badly damaged. When every thing is ready such natural calamity rain the farmers with deep stock to them. In Bhopal district 900 quintal of wheat was damaged in rains. Like cricket match the second rains washed off standing crops in thousands of hectare of land in northern India. After the unseasonal and suddenly very heavy snowfall in Kashmir and Himachal the weather office well in time warned the Centre and State Governments of unseasonal rains right from Kashmir to Karnataka in a particular belt covering many states. It is quite evidents it has caused deep distress to farmers and Government and purchasing centres. But it is also clear the Government failed to take timely remedical actions despite getting advance information from the weather office of coming unseasonal rains. The April ...
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Shivraj Model of Procurement 26.1.2020 Central Chronicle
The Central Government has almost prepared a third model of food procurement on the minimum support price. A central committee under the Chairmanship of Union Home Minister Mr.Rajnath Singh comprising concerned ministers formulating third model for the foodgrain procurement. It has taken into considerations the shortcomings in the earlier two models to remove it and make further improvement in the system. For the third model the ‘Bhavantar’ Yojna of Madhya Pradesh Chief Minister Mr.Shivraj Singh Chouhan itself is a model for it. It will be very apt and appropriate if the third model of procurement is named as Shivraj model of procurement. His ‘Bhavantar’ yojna is his personal vision that become instant hil all over India. Many ministers of other states rushed to Madhya Pradesh to study the ‘Bhavantar’ yojna and were so impressed that they decided to implement in their respective states. Now the Central Government itself approved and adopted it. Mr.Chouhan himself a farmer understands the farming and ...
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Petrol, diesel prices hiked 26.1.2020 Central Chronicle
New Delhi: The uptrend in petrol prices continued on Sunday, as the product rose in the range of 15 paisa to 17 paisa per litre across the country.Petrol prices touched a record Rs 73.73 a litre while diesel rates touched an all-time high of Rs 64.58 in the national capital. Petrol prices saw a surge despite a global crude oil recording drop in today’s trading session. International prices fell about 1 per cent after data showed US crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment. Petrol prices have been on mixed bag since the start of 2018, as oil companies like Hindustan Petroleum Corp Limited (HPCL), Indian Oil Corp (IOCL) and Bharat Petroleum Corp Limited (BPCL) deciding the final retail petrol price by taking into consideration the international crude basket, plus state’s Value Added Tax (VAT) and government’s excise duty. The Oil Ministry had earlier this year sought a reduction in excise duty on petrol and diesel to cushion the impact rising ...
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NAFED Purchase 26.1.2020 Central Chronicle
The Madhya Pradesh Chief Minister Mr Shivaraj Singh Chouhan by his efforts secured minimum support price to the farmers for their channa, masoor and mustard crops. The Union Agriculture Minister Mr Ratha Mohan Singh on his visit to Bhopal ordered NAFED to make purchases in Madhya Pradesh from April 10 on minimum support price. He also abolished the sale limit of 25 quintals per day. The Chief Minister told the Union Minister that special efforts were undertaken in the State has resulted in bumper crops of pulses. Their moment of joy however become a source of problem also. The bumper harvesting has caused sharp decline in prices and their produce become uneconomic. The private traders in the mandies are not giving equal to support price. Under such situation the state introduced 'Bhavantar Scheme'. The NAFED purchase will go on till end of May. Mr Chauhan suggested that credit limit of NAFED be increased from Rs. 19,000 crores. The Central Government should also appoint surveyors at all the 257 ...
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State Basmati Rice 26.1.2020 Central Chronicle
Strangely despite being Basmati Rice the Madhya Pradesh produced basmati rice in denied GI Tag of it being Basmati by the GI Registry on the basis of date provided by the APEDA. Consequently unless the state produced Basmati is given the GI Tag it cannot be called Basmati. The Chief Minister Mr.Shivraj Singh Chouhan is trying his best to secure GI Tag for state Basmati rice. He is still lobbying for it at Delhi. He met the Union Commerce Minister Mr.Suresh Prabhu, Union Home Minister Mr.Rajnath Singh and Member Lok Sabha from Vidisha and Foreign Minister Mrs.Sushma Swaraj. He pointed out that Basmati rice is being produced in 13 district of the Madhya Pradesh since last 105 years. About 80 thousand farmers are connected to basmati farming. It’s export amount to 3,000 crores rupees and recognized at all the standard. With no GI Tag the state basmati will not get fair market price. The claim of Madhya Pradesh for GI Tag is also very sound on agro climatic conditions in the areas of its cultivations.
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Wheat Procurement 26.1.2020 Central Chronicle
The Madhya Pradesh the leading state in India in wheat production will procure huge 100 lakh tones of it in minimum support price. The Government purchase will start from March 15 from Indore-Malwa region. The Malvi wheat is a very superior quality of wheat. The purchase will be carried out in three phase. The first in Indore-Malwa region, the second phase in Bhopal-Hoshangabad division and in the third phase the rest of the Madhya Pradesh will be covered. The Procurement will be carried out by the cooperative societies. Every year the food procurement programme faced the difficulties and bottle-neck in transportation and lack of godowns. Large quantity of foodgrains were damaged and destroyed. This year in the district road map has been prepared to shift grain bags from purchasing centre to the godown immediately. This year due to short winter season the wheat crop have come early. The cameras are installed at the purchasing centre and godowns with server and internet to keep updated informations all ...
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