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CAG, food security and good sense -Tejinder Narang

-The Hindu Business Line A new CAG report offers valuable insights into the likely implications of implementing the proposed food security law. The National Food Security Bill (NFSB) couldn't be passed in the Parliament session that ended last week, despite a spirited promotional pitch by its proponents - including Nobel Laureate Amartya Sen. Last week also saw the Comptroller and Auditor General of India (CAG) table its report on "Performance Audit of...

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Here's why Food Bill will cost more than we think-Prachi Mishra

-The Economic Times The revised, but not yet passed, National Food Security Bill (NFSB) represents a crucial political-economic approach to welfare. But how well do we understand the financial and, more importantly, distributional consequences of the revised Bill? Although the revised Bill is likely to simplify the identification of beneficiaries, financial implications will still be substantial. Calculating these implications must include not only the cost of food subsidy, but also additional costs...

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Farm leaders to look at support price fixing method-Gargi Parsai

-The Hindu A committee comprising farmers' representatives will look at the method of fixing the minimum support price of agricultural commodities. It will suggest if there is a need for the Commission for Agricultural Costs and Prices (CACP) to re-position itself in the light of the demands from farmers to raise the remunerative price for essential commodities. At its first meeting held here on Thursday, the panel headed by Director of National Centre...

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Food Security Bill could violate India’s subsidy pledge at WTO -Amiti Sen

-The Hindu Business Line   As the Food Security Bill awaits Parliament clearance, India fears that implementation of obligations under the Bill may lead to breach of farm subsidy limits fixed by the World Trade Organisation (WTO) and attract penalties if some global rules are not amended. New Delhi is, therefore, scouting for support at the WTO in seeking an amendment to the Agreement on Agriculture (AOA) to remove limits on public stockholding...

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CAG pulls up govt for fixing foodgrain MSP

-The Economic Times The Comptroller and Auditor General (CAG) has said the government fixed the minimum support price of food grain crops in a skewed manner and also faulted it for following inadequate norms on buffer food grains to meet contingencies during the audit period of 2006-07 and 2011-12. In a report titled 'Storage Management and Movement of Food Grains in Food Corporation of India', tabled in Parliament on Tuesday, the CAG...

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