- Bringing onions and potatoes under the purview of the Essential Commodities Act 1955, thereby allowing state governments to impose stock limits to deal with cartelization and hoarding, and making violation of stock limits a non-bailable offence;
- Imposing a minimum export price (MEP) of US$ 450 per MT for potatoes with effect from 26 June 2014 and US$ 300 per MT for onions with effect from 21August 2014.
- Since September 2005, the RBI has been conducting quarterly inflation expectation surveys of households. The survey captures the inflation expectations for the next three-month and one-year period.
- The committee set up by the Ministry of Agriculture under the chairmanship of S. Mahendra Dev to come up with updated methodology to compute terms of trade between agriculture and nonagriculture has observed that, during 2004-05 and 2013-14, terms of trade have become favourable for agriculture.
- According to the new series of national income released by the CSO, at 2011-12 prices the share of agriculture in total GDP is 18% in 2013-14.
- As against a growth target of 4% for agriculture and allied sectors in the Twelfth Plan, the growth registered in the first year at 2011- 12 prices was 1.2%, 3.7% in 2013- 14, and 1.1% in 2014-15.
- It is imperative to make Indian agricultural growth science-led by shedding ‘technology fatigue’. Budget 2014-15 provided for the establishment of two institutes of excellence in Assam and Jharkhand with an initial sum of Rs.100 crore.
