Rice procurement by government agencies continues to lag at 15.14mn tonnes in the marketing year 2014-15 so far compared with 16mn tonnes in the year-ago period.The country's sugar production increased by 27.3% to 7.46mn tonnes in the first three months of the current 2014-15 season, but continuous fall in prices is a cause of concern for millers.The government expects the total proceeds from sale of 800-MHz, 900-MHz and 1,800-MHz spectrum through an auction in February to be Rs.640bn much higher than the target of Rs.430.65bn set in the Union Budget for 2014-15. The Union government has approved a proposal of Odisha government to increase iron ore output of two miners by 16.56mn tonnes a year, within the 58mn tonnes a year fixed target set by the state.
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