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

Global Gandhi: How the Mahatma captured the world’s imagination

Gandhi’s Australia, Australia’s Gandhi By Thomas Weber Orient BlackSwan, 348 pages, Rs 1,800  

Urban apathy in Mumbai, Maharashtra sees 49% voting

Polling in the fifth phase of General Elections 2024 which commenced at 7 am on Monday simultaneously across 49 PCs recorded an approximate voter turnout of 57.47% as of 7:45 pm. Voters came out in large numbers braving hot weather in many parts of the states that went for polls on Monday.

Voter turnout: Drop from 2019 reduces further

As the voting percentages dropped drastically in the first couple of phases of the ongoing general elections, observers and analysts spoke of ‘voter apathy’ blamed it on a lack of “wave” this time – apart from the heatwave, that is. The latest figures after the fourth phase, h

GAIL reports annual revenue of Rs.1,30,638 crore

GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24,  as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as against Rs.5,302 Cr in FY23, a 67 % increase. However, revenue from operations registered a fa

Women move forward, one step at a time

“Women’s rights are not a privilege but a fundamental aspect of human rights.” —Savitribai Phule In India, where almost two-thirds of the population resides in rural areas, women’s empowerment initiatives are extremely critical for intensifying l

Why you should vote

What are the direct tangible benefits that you want from the government coming in power? The manifestos of various parties set a host of agendas which many times falls back in materialising the intended gains. Governance failures, policy lapses, implementation gaps, leadership crisis and cultural blockages

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter