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Food items worth Rs 58,000 crore go waste annually

New Delhi, Mar 6 (UNI) The wastage of agricultural food items is estimated to be about Rs 58,000 crores annually, the government today informed the Rajya Sabha.

Minister of State for Food Processing Industries Subodh Kant Sahai, in a written reply in the Upper House, said the report of Rabo India Finance Pvt. Ltd stated that the wastage occurred at various stages of handling after harvesting due to fragmented farming and provisions in Agricultural Produce Marketing (Development&Regulation) Act.

Lack of adequate post-harvest infrastructure such as cold chain facilities, transportation and proper storage facilities were among other reasons responsible for the wastage.

The loss could be reduced by a developed food processing industry, strengthening of the post-harvest infrastructure and filling the gaps in the supply, he added.

UNI

Dismissal of Jharkhand govt sought for Mahto's killing

New Delhi, Mar 6 (UNI) The Rajya Sabha today expressed its deep sense of grief and anguish at the assassination of JMM MP Sunil Mahto by Naxalites even as Opposition Members sought immediate dismissal of the Jharkhand government for its inability to protect the life of a ruling party MP. As the House completed Question Hour and hurried through the process of completing the Special Mentions, Home Minister Shivraj Patil made a suo motu statement detailing the March 4 killing.....

Decision on forward trading only after Abhijit Sen report: Govt

New Delhi, Mar 6 (UNI) Finance Minister P Chidambaram today categorically ruled out banning forward trading in foodgrains for the time being, saying the Government will wait for the Abhijit Sen Committee report. When Members, including Chairman of the Committee on Unorganised Labour Arjun Sengupta, during Question Hour in the Rajya Sabha sought to know why the ban on forward trading was not being imposed despite the Parliament's Standing Committee recommendation, the Finance Minister said the final decision would be taken.....

Rupee closes softer at 44.49/50 per US dollar

Mumbai, Mar 7 (UNI) The Rupee today drifted lower by five paise to close at 44.49/50 per US dollar compared to it's previous close of 44.46/47, as exporters sold and banks liquidated dollars along with local share markets erased some losses, brokers said. The spot rupee finished lower at Rs 44.50 against its previous close of Rs 44.47.Before it fluctuated between 44.43 and 44.58 per US dollar during the session. The widely traded 8.07 per cent, 2017 paper closed at Rs.....
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