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Front Page

Friday June 27th
. Lalu Inaugurated A New Rail Line On a 17.5-km Stretch Between Phulwaria, Gopal Ganj (0 comments)

Thursday June 26th
. Officials Press For Wider Highways,Proposed 4-Lane Project of NH- 33 Connecting Barhi With Bahragora (0 comments)
. Bihar Govt Mukhamantri Cycle Yojna Its Way Into Religious Controversy (0 comments)
. National Institute of Technology (NIT) Patna Urged To Introduce Course On Hydel Power (0 comments)

Wednesday June 25th
. Address May Soon Be A 6-Digit Number,Postal Deptt Is Working On 'PinPlus' Which Can Access On GPS (0 comments)

Tuesday June 24th
. Falling Re Raises Computer Prices Due To Increased Taxes On Hardware Companies (0 comments)

Monday June 23rd
. Putting Their Services Online Should Allow Govt's To Serve Their Citizens More Effectively (0 comments)
. Four-Star Hotel To Come Up With a 150-200 Room In Ranchi (0 comments)
. Another Effort To Set Up 'Fresh Vegetable' Outlets,BSWDC Launch Fully A/c Outlets In Patna (0 comments)
. Bihar Military Police Builds Hospital For Their Colleagues And The Families (0 comments)
. Aligarh Muslim University (AMU) Campuses to Come In Bihar and Other Four States (0 comments)
. Online land registration possible from next year (0 comments)
. Bihar Does The Impossible, It Gets Better Every Day (0 comments)

Friday June 20th
. Brand Magic: Bihar Laps Up 'Lalu Mango', old Digha mango with a new name (0 comments)
. Govt agrees to shift proposed IIT sitecome up in Amhara, classes to start from August (0 comments)
. Classes to start in new engineering colleges in Madhepura, Nalanda (0 comments)
. Distance Education Council Agrees to Recognize DDE Degree (0 comments)

Wednesday June 18th
. Japanese Experts Meet With State Energy Minister To Setting Up Hydro-Electrical Power Plants (0 comments)
. Modi Seeks Compensation For Bihar Due To Reduction In Excise And Customs Duties On Petro Products (0 comments)
. Super-Specialty Hospital For Eye To Come Up In Patna Soon (0 comments)

Monday June 16th
. Bihar shows smart card way to cleaner rural job scheme (0 comments)
. BJP names 'Rajiv Pratap Rudy' Its Rajya Sabha Candidate From Bihar For The Forthcoming Elections (0 comments)
. Centre To Build Para-Medical Institute On Nalanda Medical College Hospital (NMCH) Campus (0 comments)

Friday June 13th
. Bhartiya Janata Party (BJP) Moots 'Core Group' To Bring Bihar Leaders Closer (0 comments)

Wednesday June 11th
. Third Tremor In Gaya Within 10 Days, Meteorological Experts Visiting Town On Tuesday (0 comments)
. Ara, Bhagalpur Among 158 Cities To Come Under Digital Mapping To Check Illegal Construction (0 comments)
. Pawar Laid The Foundation Of Rs 800 Cr Biggest Sugar Mill In The Country At Shariatpur Village (0 comments)
. Vice President Inaugurates Chandragupta Institute of Management Patna (CIMP) (0 comments)

Tuesday June 10th
. CM Seeks Central University Status For Rajendra Agriculture University (RAU) Pusa in Samastipur (0 comments)
. State Govt Planning To Build A New Colony For Ministers And Legislators (0 comments)

Older Stories...

Govt allows private trade to import wheat duty-free

The government on Monday allowed duty-free wheat imports by private trade to stem rising prices and augment market supplies, reports Reuters.

"As of today there is no duty on imports of wheat," Farm Minister Sharad Pawar told reporters on the sidelines of a fisheries department meeting."This facility will be available for the next 4-5 months, may be until December or January. This decision has been taken already and the orders will be issued shortly," he said.

India, with the world's largest population after China, needs to maintain a buffer stock to ensure adequate supplies for the poor and to keep market prices in check. Following a poor crop India began buying wheat in March, for the first time in six years, to augment stocks with state-run Food Corp. of India that handles the public distribution system.

According to the Food Ministry, India's wheat stocks were estimated at 7.33 million tonnes on August 1, down from 12.9 million tonnes a year ago.In June, the government cut the import duty on wheat to 5% from 50% to boost supplies in the local market.

Since then private traders have contracted imports of about 500,000 to 600,000 tonnes, but many firms had been demanding the duties be scrapped altogether to boost supplies even more. Until now, only government-run agencies were allowed duty-free wheat imports.

Click on full story......

By Dr arvind, Section News
Posted on Mon Sep 04, 2006 at 07:23:23 AM EST
State-run State Trading Corporation has contracted imports of 3.8 million tonnes of wheat since March. Last week, it floated a fresh tender for 1.67 million tonnes. Pawar said it was unlikely the government would have to import more wheat.

"Now we are encouraging private sector imports. So I don't think any more will be necessary, but we are open and if required, we will import," he said.Pawar said the measures taken should help to overcome the shortage and bring down prices.Wheat prices have risen more than 30% to about Rs 1,050 (USD 22.6) per 100 kg from Rs 800  in the last six months.India's wheat crop is sowed in October and harvested in March.

The output in the last crop was about 69.48 million tonnes, according to farm ministry estimates, against a target of 75.5 million tonnes.State agencies have procured just 9.2 million tonnes of wheat in the current marketing year, against an earlier target of 16.2 million, leading to depletion of stocks.

However, good rains have raised expectations of the coming crop."This year, overall monsoon will be helpful for agriculture," Pawar said."The second spell of rains has substantially improved the situation. It will be helpful for the summer harvested crop," he added.

Wheat and rapeseed are among key summer harvested crops.The Farm Minister said the government was trying to boost the acreage of wheat in the eastern states of Bihar and West Bengal and western states of Gujarat and Maharashtra, where the crop is traditionally not grown. Punjab, Haryana and Uttar Pradesh are the key growing regions for wheat.

From: MoneyControl.com

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