-The Times of India The Prime Minister is expected to formally kick off cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections. Manmohan Singh is expected to set January 1, 2013 as the launch date for the...
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Mega stocking by government pushing up food prices? -Surojit Gupta & Sidhartha
-The Times of India Stocking up of Foodgrains by the government could be one of the major factors for the continuing surge in food prices, warn experts. Latest wholesale price data available on the industry department's website shows that wheat prices are up almost 20% in October compared to a year ago. That's at a time when the government is holding stocks of 42 million tonnes — three times the buffer stock...
More »A futures shock from FCI-Devinder Sharma
-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...
More »Release Foodgrains from godowns: Bhojan Yatra activists
-The Hindu On Tuesday, Bhojan Yatra, a campaign demanding a comprehensive food security bill, reached here after travelling through Bihar, Chhattisgarh and West Bengal. In a rally, organised from Bistupur to Ram Mandir maidan, Right to Food (RTF) activists demanded that the proposed National Food Security Bill (NFSB) give universal access to food instead of capping it at 67 per cent of the population. They demanded that 8.2 crore metric tonnes of food...
More »Foodgrains Output Likely to Drop: Pawar
-Outlook Foodgrains production in 2012-13 will be lower than last year's record output of 257.44 million tonnes but availability would be sufficient to meet domestic demand, Agriculture Minister Sharad Pawar said today. Addressing the Economic Editors Conference, he said the government would make efforts to compensate the projected fall in kharif Foodgrains output during the ongoing rabi season. "This year, production will definitely be less than last year. Last year was exceptional year,...
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