A panel headed by the PM's chief economic advisor C Rangarajan has recommended exporting 2 million tonnes (mt) of wheat at a subsidy of Rs 1,500 crore through government channels and another 1 mt through private traders at a subsidy of Rs 150 crore. Warning that just exports would not be enough to manage the overflowing godowns and could cause political problems, the panel has also recommended distribution of 8 mt...
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And not a grain to eat-Brinda Karat
What stops the government from using good harvests to reduce, if not eliminate, hunger? For ordinary folk, a 3 per cent increase in food grain production over that of last year, combined with strong procurement operations and good buffer stocks of rice and wheat would be a cause for some celebration. It would be seen as an opportunity to tackle the widespread food insecurity that exists in India today. Instead, we...
More »Unsold jute bags stack up, but govt OKs import-Deeptimaan Tiwary
Even as the government races against time to procure enough jute bags to store grains in the face of record procurement , gunnysack traders are saddled with massive unsold stocks. A look at the godowns of some traders in the national capital alone shows there is no shortage of jute bags in the country. While the central government has placed an order for four lakh jute bags to be imported from...
More »Urgent action called for to run down 75-million tonne grain heap-Ashok Gulati
-The Economic Times Grain stocks with state agencies are likely to cross 75 million tonnes some time in June 2012, while covered capacity to store is less than 50 million tonnes. The rest would be under CAP (with pucca or even kachcha plinths) exposed to potential large-scale damage. An early and rational policy decision is required to reduce the stocks by at least 7-10 million tonnes to avoid high costs of...
More »Business proving disastrous in policy on food & agriculture
-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...
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