Centre declared MSP of Rs 4,000 per quintal or Rs 40 per kg for chana in the 2016-17 crop
The variety will yield 20 quintals a hectare and mature in around 120 days as against 170-180 days
Pulses prices have risen by around Rs 20-30 per kg in most retail markets across the country in the last one month
Maharashtra will have to wait more for the proposed law to regulate prices of pulses. The Centre has sent back the state's draft Bill, questioning the very need of such a law when the Essential Commodities Act, 1955 already provides stringent provisions to curb hoarding and control prices. The Centre has also questioned why the provision for imprisonment, in case of violation, is lower than the Essential Commodities Act."The Centre has objected to the provision for three-month imprisonment to be extended to up to one year. Under the Essential Commodities Act, 1955, there is provision of imprisonment up to seven years. The Centre has sought clarification and questioned the very need for a special act," said a state government official.Now, either the state Cabinet or the chief minister will have to approve the modification. "The food and civil supplies department, after seeking the opinion of legal experts, will seek approval of the Chief Minister or Cabinet," the official added.In Apri
Sowing acreage is estimated to be higher and crop estimates more optimistic in kharif season, but govt estimates often vary from what market participants claim
Centre to use India Post network of 154,000 outlets to sell chana, tur and urad
Centre is also in the process of floating tenders for inviting agencies to store and manage pulses
The MSP is the rate at which the government buys the grain from farmers
Government is setting up a buffer stock of 20 lakh tonnes of pulses through domestic procurement
Agriculture Minister said India is encouraging higher investment in agriculture both by public and private sectors
A survey conducted by the industry body India Pulses and Grains Association (IPGA) showed huge price difference between the wholesale price and retail prices
Subramanian panel has many good, and a few bad, proposals
Traders say diktat will translate into a Rs 1,500 crore loss as domestic prices have fallen sharply over past two months
Say if adopted now, India will become self-reliant in pulses in five years
The panel also recommended that the government procure pulses on a war footing, create buffer stock of 2 million tonnes
Panel was set up in the wake of a recent surge in retail prices of pulses
This year's harvest is expected on the back on a good southwest monsoon and higher price realisation by farmers
The fund allocated for pulses buffer is more than 40% of entire farm ministry's 2016-17 budget
The exercise will ensure a stable price regime for pulses and also encourage domestic farmers to increase production of pulses
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs, chaired by PM Modi