India to create a buffer stock of pulses: Nirmala Sitharaman

The Indian government eventually wants to create a buffer of eight lakh tonne of pulses

GN Bureau | June 20, 2016


#onion   #pulse price   #inflation   #price rise   #Nirmala Sitharaman   #tomato price  
The Indian government is negotiating with countries like Mozambique, Malawe, Canada and Myanmar, to buy pulses to end the chronic and recurring price rise, said Nirmala Sithraman, commerce and industry minister. 
 
Talking to members of the Indian women’s press corps (IWPC), Sithraman said that the government has decided to create a major buffer stock of pulses to bring down prices. For this, talks with Myanmar are on, she said. Earlier too, Myanmar had helped the Indian government when the prices of pulses soared. “The government eventually wants to create a buffer of eight lakh tonne of pulses,” she added.
 
India produces 17 lakh tonne of pulses as against the requirement of 23 lakh tonne. “The Modi government is working on a strategy to bridge this gap,” she said.
 
"We are already in talks with these countries and hope to make government-to-government arrangements so that whenever market prices of pulses rise the government is able to infuse its stocks in the market to stablise the prices,” she added.
 
On the rising food prices, she said that India would continue to face inflation of seasonal perishables foods for a long time. “At the moment the prices of tomato are very high and onion are low. This effectively means that the onion farmers are not getting their due,” she added.
 

Comments

 

Other News

Understanding immunity: How to boost it during Covid-19

In a first, the Department of Home Science, Sri Padmavati Mahila Visvavidayalam (Women’s University) Tirupati, Andhra Pradesh, recently organized an international webinar on “Nutrition and Immune System Support during COVID-19 Pandemic”. Speakers included eminent national and internationa

Covid-19: India’s recovery rate improves to 59.43%

Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1

Coming soon at a station near you: private trains!

A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio

A place of local democracy in pandemic governance: The case of Mumbai

Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that

Why TikTok, other apps were banned: “Engaged in anti-India activities”

India, facing China’s aggressiveness at border, has banned 59 smartphone apps, including TikTok, as they were indulging in activities harmful to India’s sovereignty and integrity. The reason cited was: “in view of information available they are engaged in activities which [

Gaganyaan mission not affected by pandemic

The launch of India’s first human space mission, ‘Gaganyaan’, will not be affected by Covid-19 and preparations are going on in the right direction even amid the pandemic. This was disclosed by minister of state (independent charge) development of north eastern region (DoNE



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter