Over 611,424 tonnes of paddy have been purchased by government agencies and private Rice Millers in Punjab, an official said here Tuesday. Government agencies have bought over 97 percent of the stocks while private Rice Millers have purchased nearly three percent in the first five days of the process. Six agencies -- the Food Corporation of India (FCI) of the central government and five of the Punjab government -- are engaged in...
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Orissa cuts dependancy on FCI, targets 32 lakh tonne rice
The Orissa government has set a target of procuring 32 lakh tonne of rice this time despite bad weather, reducing dependance on the Food Corporation of India (FCI), official sources said today.The decision not to wholly depend on the FCI was taken at a cabinet meeting chaired by Chief Minister Naveen Patnaik here last night."As performance of FCI was not satisfactory in 2009, the state government decided to reduce target...
More »Centre for auction of PAU-201 paddy by Komal Amit Gera
The Centre has asked Food Corporation of India (FCI) to procure PAU-201 paddy that conforms with its specifications and dispose of the rest in the open market through tenders. A decision on whether the PAU-201 paddy variety is fit for human consumption was raised at a high-level meeting between Agriculture Minister Sharad Pawar and Health Minister Ghulam Nabi Azad, recently. FCI officials in Punjab are giving final touches to the modalities to...
More »The economics of food management by Harish Damodaran
Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...
More »‘Foodgrains left to rot in sun and rain'
Bandicoots eat up over 50 lakh tonnes in FCI godowns, says BJP BJP delegation, led by party national secretary K. Laxman, visit godowns at Vanagapally State not releasing foodgrains as it wants middlemen to benefit: Laxman Bandicoots have eaten up over 50 lakh tonnes of foodgrains stored in the godowns of the Food Corporation of India (FCI), according to the revelations of a BJP delegation, led by party national secretary K. Laxman, that...
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