Senior JD(U) leader Nitish Kumar on Thursday accused the Narendra Modi government of "going back" on its poll promise to hike minimum support price of rice one-and-a-half times of input cost and warning states not to announce bonus.
The reading for July WPI inflation was revised to 5.41 percent from 5.19 percent earlier.<br />
The Modi government has asked states to try such a scheme and Food Minister Ram Vilas Paswan will be discussing the issue with them.<br />
Robust exports from India could keep a lid on global prices that have surged 12 percent in the past three months and help cut bulging government stockpiles built as a result of bumper harvests over the past several years.<br />
Imagine a company that is the largest distributor of a product in a country. Its cost of inputs and the price at which it sells the product are fixed by the government. The company all of a sudden changes tack and starts eyeing profits. It wants to invest in improving efficiency. In short, this is the Food Corporation of India's (FCI) predicament today.<br />
India's monsoon rains will be weak next week, weather officials said on Thursday, giving relief to cane- and rice-growing areas of northern and eastern regions that were recently hit by floods.<br />
India, the world's second-biggest rice producer, buys the grain from local farmers at a fixed price to run its mammoth food welfare programme. Guaranteed prices encourage farmers to produce more.<br />
India's retail food inflation eased to 7.97 percent in June from 9.56 percent in May after the government took steps to check hoardings and curb exports of onions and potatoes.<br />
India toppled Thailand two years ago to become the world's top rice exporter but poor monsoons could hit exports this year.
It also warned that state-run Food Corporation of India (FCI) will restrict procurement of foodgrains from such states and will not give subsidy to states on procurement and distribution of surplus foodgrains.
India, the world's second biggest rice producer, has decided to extend by one year the stock holding limit on the grain to check any rise in prices on account of hoarding of the essential food item, a government statement said on Friday.
The validity of stock limits on paddy and rice was to have expired this month. <br /><br />
After some relief last week, onion prices have peaked again. A high demand has also pushed up tomato prices to Rs 80 per kg at several places across Delhi from Rs 35 per kg.
The proposal was listed on the agenda of the CCEA meeting in the last two months.
The Ramesh-Deb spat came on top of a long-running battle over rice allocation by the Centre between the BJD and the Congress.
If the Government was so concerned about the rising prices of food why would it hike the minimum support prices of wheat and rice by 5 percent each in the last year and by an average of around 20 percent since 2009 - a period of high food inflation?
The tragedy took place at the government primary school in Dahrmasati Gandawan village at Mashrakh block, about 25 km from Chapra, they said.
Last week, Food Minister KV Thomas had said that the Centre would allocate more foodgrains to flood-hit Uttarakhand to provide relief to affected people.
Paddy worth crores is rotting here as it has been lying in open due to shortage of godowns even as the the rice millers have not lifted it following a dispute over transportation charges with the Tribal Development Corporation and FCI, official sources said