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UPA’s food Act was more about ‘vote security’: FCI revamp panel chief -Harish Damodaran

-The Indian Express The National Food Security Act (NFSA) passed during the previous UPA regime's tenure was more about "vote security" than "food security", according to Shanta Kumar, BJP MP and chairman of the high level committee on Restructuring the Food Corporation of India (FCI). Defending his committee's recommendation to bring down the coverage of the NFSA from 67 per cent to around 40 per cent of the country's population, Kumar claimed...

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Nutrient facts -Harish Damodaran

-The Indian Express Having decontrolled petrol and diesel, the government's next focus is on containing fertiliser subsidies. Key to this is decontrol of urea and ushering in a system of crediting subsidy payments directly into the Bank Accounts of farmers. HARISH DAMODARAN explains the existing subsidy regime and the road ahead. * What's so special about urea decontrol? Urea is the only fertiliser whose maximum retail price (MRP) is still fixed...

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For the farmers

-The Indian Express The Centre is reportedly considering decontrol of urea over a period of three years, at the end of which retail prices would be totally market-determined, with farmers getting a fixed per-bag subsidy to be credited directly to their Bank Accounts. If this happens, it will probably be the most politically challenging economic reform the Narendra Modi government undertakes. Given the crash in global oil prices, decontrol of diesel...

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After petrol and diesel, Modi government may deregulate urea -Harish Damodaran

-The Indian Express After petrol and diesel, the Narendra Modi government is looking next to deregulate urea. In the works is a three-year plan to decontrol the maximum retail price (MRP) of this fertiliser - currently fixed at Rs 5,360 a tonne or Rs 268 per 50-kg bag - alongside permitting duty-free imports sans any canalisation or restrictions, and credit the subsidy directly into the Bank Accounts of farmers. Urea imports now...

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Low Productivity is Bane of Agriculture in India

-The New Indian Express   The latest data from the World Bank shows that around 60.3 per cent of India's land area is agricultural. India Brand Equity Foundation, a trust established by the ministry of commerce and industry, confirms this. At 157.35 million hectares, India holds the second largest agricultural land, next only to the US. This should set at rest the fears that have been raised in the aftermath of the...

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