Massive grain procurement to meet the requirements under the proposed national food security law could drive out the private sector and have larger implications on the state of the domestic procurement market, a study on food and nutritional security has warned. Apart from impacting exports and cereal price in the open market, rising public procurement will only make it costly to buy, store, transport and distribute grain, the study said, adding...
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Raj takes NREGA route to water conservation
The state government has switched to funding water conservation and harvesting projects through the Mahatma Gandhi National Rural Employee Guarantee Act (MNREGA). In the fiscal 2010-11, water conservation projects guzzled maximum funds released under the MNREGA with the government deciding to channel more than 40 per cent of the total funds into water harvesting, restoration of traditional water baoris and de-silting of water bodies like ponds and lakes. Funds were channelled...
More »Food inflation falls to 8.53 per cent
Food inflation fell to 8.53 per cent for the week ended April 23 on the back of fall in prices of pulses, reversing the upward trend seen in the previous fortnight. Food inflation in the previous week was 8.76 per cent. The latest numbers are likely to come as a relief to the government and the RBI, especially at a time when the central bank's monetary policy for the fiscal, released...
More »Critical cohort by TK Rajalakshmi
The battle against poverty and inequity can be won only if governments focus on the welfare of adolescents, says a UNICEF report. FINALLY, it has been recognised that adolescents constitute a very critical category in the overall battle against poverty and inequity. It is for this reason that the United Nations Children's Fund's (UNICEF) flagship report, “The State of the World's Children 2011”, focusses exclusively on adolescents and cautions against neglecting...
More »Govt approves Rs 5,000 cr working capital loan for FCI
The government on Tuesday approved a short-term loan of Rs 5,000 crore for Food Corporation of India (FCI), which will help the organisation meet its working capital requirements this fiscal. The proposal was cleared in the meeting of the Cabinet Committee on Economic Affairs (CCEA) held here. "The CCEA today approved a short-term loan of Rs 5,000 crore to the FCI for 2010-11," an official statement said. FCI, the nodal agency for...
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