Miscellaneous - This Day That Age   

dated July 9, 1957: American wheat for India

The Union Food Minister, Mr. A.P. Jain, told reporters in Lucknow on July 7 that another wheat loan agreement between India and the US had reached an advanced stage of negotiations. Mr. Jain was unable to specify the exact quantity of wheat to be imported under the agreement, but said the deal might be a little smaller than the previous loan. He said the price of wheat had generally shown a downward trend following the formation of wheat zones. Rice position had also considerably eased. Asked about Government’s policy in regard to inter-State movement of foodgrains, Mr. Jain said, “I am a believer in free economy and I shall impose restrictions to the minimum possible extent. Unless there is a surplus in a State, the movement of foodgrains to other States from that State will not be permitted.”

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cartoonscape
The Hindu Crossword 8960
Solution to puzzle 8959
God’s omnipresence religion
dated July 9, 1957: Nehru leaves for Holland
dated July 9, 1957: Court vacation
dated July 9, 1957: American wheat for India
dated July 9, 1957: Income-tax collections
Weather

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu