| Chhattisgarh announces bonus for paddy at MSP | 20-NOV-09 |
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| In a move aimed at boosting paddy procurement in the state, Chhattisgarh government today announced a bonus of Rs 50 per quintal for paddy purchased at the minimum support price (MSP). |
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| Punjab rejects wheat MSP fixed by Centre | 06-NOV-09 |
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| Punjab Chief Minister Parkash Singh Badal today rejected the hike of Rs 20 per quintal in the Minimum Support Price (MSP) for wheat by the Centre, raising it to Rs 1,100 from last year’s Rs 1,080 per quintal. He described it as ‘woefully inadequate and unjustified’. |
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| High inflation rates a cause for concern | 27-OCT-09 |
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| Although year-on-year inflation is still only 1.2 per cent, strong upward trends seen in the Wholesale Price Index (WPI) inflation and the persistence of high Consumer Price Index (CPI) inflation are a cause of concern, the Reserve Bank of India (RBI) said in its pre-monetary policy review today. |
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| Chhattisgarh seeks Rs 700 cr loan | 22-OCT-09 |
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| Chhattisgarh government will take a loan of Rs 700 crore from the National Cooperative Development Corporation (NCDC) to procure paddy in the state. The Cabinet has authorised Chhattisgarh Marketing Federation (MARKFED) to issue government instrument (bond) for securing a loan assistance of Rs 700 crore from NCDC at an interest rate of nine per cent per annum. |
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| Govt's subsidy burden to rise on cotton MSP hike | 03-OCT-09 |
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| The subsidy burden of the government is likely to shoot up this fiscal due to hike in Minimum Support Price as acreage under the crop is expected to cross 100 lakh hectare-mark in the country, a top official said here today. |
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| Cotton acreage to hit 10 mn hectare in 09-10 | 01-SEP-09 |
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| For the first time ever in the history, area under cotton is estimated to hit 10-million-hectares (ha) in the cotton year (October-September) 2009-10, due to deficient monsoon and a rise in the minimum support price (MSP) during the previous season. |
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| Not high enough | 26-AUG-09 |
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| The government’s decision to only marginally hike the minimum support prices (MSPs) of paddy, pulses and selected oilseeds, and to freeze the prices of other crops at last year’s level, is unlikely to go down well with farmers in a drought year. The timing of the announcement of new prices is also flawed, as kharif sowing is virtually over in most of the country. |
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| Centre for raising paddy support price | 01-JUL-09 |
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| The Agriculture Ministry has proposed a minimum support price of Rs 950 per quintal for paddy, up by Rs 50 from last year, while prescribing holding the rate for cotton at the year-ago level. |
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| Inflation murmurs begin as oil closes in on $70 | 12-JUN-09 |
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| Inflation in India has tumbled from a 16-year high of 12.91 per cent in August last year to below 1 per cent for the 12th straight week, raising hopes that a figure near zero would give the government the comfort to craft policies that would help boost the economy. |
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