Bengaluru: The state government has no adequate funds to purchase areca nut from the growers under the market intervention scheme (MIS) announced by the Centre, said Law and Parliamentary Affairs Minister T B Jayachandra. Addressing journalists in Bengaluru on Monday, Jayachandra said the state government needs Rs 1,688 crore to purchase areca nut from farmers […]

Bengaluru: Amid fall in arecanut prices in the domestic market, the Centre is ready to procure the commodity from Karnataka but has found the rate Rs 300-400/kg proposed by the state government “exceedingly” high. The Union Agriculture Ministry has sent its senior official to Bengaluru to discuss Karnataka government’s proposal for procurement of 40,000 tonnes […]