-Business Standard At end-April, foodgrain stock in the pool was estimated at 36.95 mn tonnes, 6.7% more than at the same time last year As a drought and drinking water crisis grips several states, the food stock position in the central pool seems to be among the few comfort factors for the government. At end-April, foodgrain stock in the pool was estimated at 36.95 million tonnes, 6.7 per cent more than at the...
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Chickpeas futures trading may face ban
-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while...
More »Centre asks states to scale up DBT scheme for food subsidy -Sandip Das
-The Financial Express In a bid to curb pilferage of foodgrains in the Targeted Public Distribution System (TPDS), the Centre on Saturday asked the states to opt for Direct Benefit Transfer (DBT) under which the subsidy component is credited to bank accounts and allows the beneficiaries to buy foodgrains from the market. However, for implementing DBT, the states must complete digitisation of beneficiary list and seed bank account details for fund transfer....
More »Free grains likely for 25 million poorest of poor families -Dipak K Dash
-The Times of India NEW DELHI: The Centre is likely to provide 'free of cost' foodgrain to the poorest of the poor families under the Antyodaya Anna Yojna (AAY) which would benefit nearly 25 million families across the country. This is being seen as yet another step by the government to push its 'pro-poor' image just days before it completes two years in office. Sources said the food ministry will present this...
More »No jobs in sight: There is a mounting employment crisis in India -Harsh Mander
-The Indian Express There is a mounting employment crisis in India. The current growth model, built on large private investments, cannot address the problem. Union Minister Ram Vilas Paswan raised many hackles with his demand for affirmative action or job reservations for Scheduled Caste and Scheduled Tribe candidates in the private sector. He suggested that “providing quota in private jobs will help cool down anger among SC and STs”, thereby stemming...
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