A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
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EGoM to discuss Food Security Bill, grains' export by K Balchand
It will estimate the NAC's and Food Ministry's recommendations and finalise the food security coverage The Empowered Group of Ministers (EGoM) is meeting here on July 11 to consider the crucial Food Security Bill and allowing export of foodgrains. Prime Minister Manmohan Singh reviewed the Food Security Bill last week along with Union Food Minister K.V. Thomas and Planning Commission Deputy Chairman Montek Singh Ahluwalia, ahead of the EGoM meeting which would...
More »Govt to adopt NAC food security target by Rajeev Deshpande
-The Times of India The government is set to accept the Sonia Gandhi-led National Advisory Council's recommendation to cover 75% rural and 50% urban population under a food security law, but wants to keep the percentages outside the language of the Act itself. UPA-2 is inclined to set the percentage of population covered in a notification or schedule accompanying the Act so that it can be revised by executive order...
More »Farmers on holiday by M Suchitra
Andhra farmers shun growing paddy this kharif in absence of buyers, storage space Achanta, a small village in Andhra Pradesh, hit the headlines in 1967 with a record rice yield in the kharif or monsoon crop season. It was the time of the Green Revolution. N Subba Rao, a farmer from the village, harvested three tonnes of paddy from just one kilogramme of seeds. Other farmers followed suit and the village...
More »Food Minister gives nod to export of wheat, rice
-Express News Service Having resisted the export of foodgrain since taking charge in January, Food Minister K V Thomas on Wednesday said that he was not opposed to export of “some quantity of wheat and rice” as there is bumper production in the country. Thomas’s statement holds significance as he has been publicly speaking against foodgrain export, citing the proposed food security law. “Our department is not negative to the idea of...
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