With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...
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PM to take stock of food storage facility today
-The Times of India Prime Minister Manmohan Singh is likely to discuss the foodgrain storage and crop situation with food minister K V Thomas and agriculture minister Sharad Pawar on Wednesday amid news of a bumper harvest this year and overflowing granaries. The meeting, slated for Monday, was postponed, and is likely to discuss options before the government to offload the grains in the central pool that are expected to reach record...
More »Wheat aplenty but gunny scarce in Madhya Pradesh
-The Hindu Chauhan sees injustice in FCI failure to lift quota Madhya Pradesh has had a bumper Wheat Harvest this rabi season, so much so the State does not have enough gunny sacks to pack the procured produce. Chief Minister Shivraj Singh Chauhan on Wednesday called on Union Minister of State for Consumer Affairs, Food & Public Distribution K.V. Thomas in New Delhi and complained of the shortage. Mr. Thomas assured him that...
More »Food ministry faces a problem of plenty now-Rituraj Tiwari
As news of record food grain production trickled from the corridors of the agriculture ministry, officials of the storage wing in the adjoining food ministry began working overtime to save the department the embarrassment of plenty. Food minister KV Thomas is under pressure to ensure that the toil of farmers is not wasted. "It's my duty to make sure that food grains don't rot. We are on our way to create...
More »Record foodgrain estimate won’t lead to lower prices-Ruchira Singh
Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...
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