-Hindustan Times The department officials said the idea of storing wheat on the premises of rice mills could not materialise because they already have an excess paddy stock. Chandigarhh: In the wake of a stalemate with the Food Corporation of India (FCI) over finalisation of storage rates for covered area plinths (storage in open), the Punjab food and civil supplies department has decided to store wheat produce in the state’s grain markets...
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Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal
-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has...
More »For Haryana's farmers, MSP is only an illusion -Rajalakshmi Nirmal
-The Hindu Business Line Commission agents, who procure paddy, pay less than the MSP. There is no moisture testing or correct weighment. Is there a nexus all round? It is widely perceived that MSP operations in Haryana are quite effective and farmers there are a happy lot. But the reality is quite different. In the last paddy season, many farmers in Karnal’s Taraori, the largest grain mandi in Haryana, got only Rs.1,750/quintal...
More »Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
More »Famished in land of plenty -Devinder Sharma
-The Tribune It’s a paradox that food-surplus India is ranked 102nd on Global Hunger Index This strange paradox of plenty remains unexplained. At a time when grain silos are bursting at the seams, the 2019 Global Hunger Index (GHI) has ranked India 102nd among 117 countries, placing it in a category with ‘serious’ levels of hunger. As if this is not enough, the latest UNICEF report on the State of World’s Children...
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