-The Indian Express Procurement of wheat and rice in the central pool has been increasing over the years, leading to accumulation of surplus stock of wheat and rice with FCI. As a result, stocks of food grain in the central pool continue to remain much in excess of stocking norms. With Food Corporation of India granaries overflowing, the government is looking to liquidate its grain stocks to prevent damage and minimise...
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Noted Gandhian economist Dr Sudarshan Iyengar interviewed by Rutam Vora (The Hindu Business Line)
-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
More »Govt wants to dump excess food grain in Africa -Jitendra
-Down to Earth Food Corporation of India storages are spilling from excess food stocks and the new Kharif procurement season is only a month away The Union government was mulling over selling excess foodgrains to some African countries before the new Kharif procurement season starts next month, according to a government official. “There is a plan under consideration to use foodgrains as diplomatic tools for African countries like Ghana, which is a net...
More »Rice-wheat stocks at record high, govt clueless -Subodh Varma
-Newsclick.in Offtake from the Public Distribution System is stagnating although there are millions who need more food. Cereal stocks of wheat, rice and coarse grains maintained in the so-called central pool hit an all-time high of 742 lakh tonnes in July this year and in August were only slightly lower at 713 lakh tonnes, according to the department of food and public distribution’s monthly bulletin. Compared with 2015, grains stocks have zoomed...
More »With stocks piling up, FCI is in deep trouble -Rajalakshmi Nirmal
-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly...
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