1.   

Sharma pegs FY14 growth at 5.5%

Urging investors not to panic and have confidence in India’s growth story, Commerce and Industry Minister Anand Sharma on Wednesday pegged the GDP growth rate for FY14 at 5.5 per cent. “We had a very good monsoon, we are going to have a bumper harvest. Agricultural produce itself is going to add at least a percentage and half to our GDP growth. Overall, we will finish the year in a robust position. At least, five and a half per cent growth of GDP,” Sharma told reporters here.

2.   

India will cross export target of USD 325 bn in FY14 with ease: FIEO

The world economy appears to be getting back on its feet as risks from advanced economies has eased with Europe reporting modest growth in last quarter, said M Rafeeque Ahmed, president, FIEO. ''Growth in the developing world will remain solid, albeit slower as developing countries grapple with home-grown challenges brought on by capacity constraints in many middle income countries. Global trade, after contracting for several months, is expanding once again,'' he said.

3.   

Wheat Exports From India Seen Climbing on Record Plunge in Rupee

India, the world’s second-largest wheat producer, may resume exports after a gap of three months as a slump in the nation’s currency to a record lowers costs for importers from South Asia to the Middle East. Private traders may ship about 1 million metric tons by March, said Tejinder Narang, an adviser with Emmsons International Ltd. (EMSI), a New Delhi-based exporter. Sales may increase further if the government cuts the export price of grains from its stockpiles, he said.

4.   

Government sets a target of 259 million tonnes of foodgrains of production in 2013-14

Government has set a target of 259 million tonnes of foodgrains production in the year 2013-14. Government of India is implementing various crop development programmes/schemes through State Governments for achieving production targets of various crops. Programmes like Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), Integrated Scheme on Oilseeds, Pulses, Oil Palm and Maize (ISOPOM), Bringing Green Revolution to Eastern India (BGREI), Initiative for Nutritional Security through Intensive Millets Promotion (INSIMP), Nutri-Farms Scheme, Special Programme on Oil Palm Area Expansion (OPAE), Crop Diversification Programme, etc.