-The Business Standard In a country where 35 to 40 per cent of food is not consumed, the government urgently needs to reduce wastage to an acceptable level By current estimates, India's total population will be similar to China's by 2028, 1.45 billion. By 2050, India's population is expected to reach 1.7 billion, which will then be equivalent to nearly that of China and the US combined. A fundamental question then...
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Procurement target for rice set at 30 mt
-The Financial Express Despite the delayed monsoon and slow progress in sowing, the government on Monday set a 30 million tonne (mt) rice procurement target for the 2014-15 kharif marketing season, starting October. Despite the delayed monsoon and slow progress in sowing, the government on Monday set a 30 million tonne (mt) rice procurement target for the 2014-15 kharif marketing season, starting October. This is a moderate revision from the previous year's kharif...
More »Size of PDS set to rise, but fewer people want to buy subsidised grain -Sandip Das
-The Financial Express While the Centre has asked states to roll out the National Food Security Act, 2013, by October, when the coverage of Targeted Public Distribution System (TPDS) will increase to an estimated 84 crore people from 55 crore now, the capacity of states to handle more foodgrain is doubtful given their poor offtake record in the last few years. Official data since 2012-13 indicate that state governments have failed to...
More »The US probe of rice trade won’t yield much -Tejinder Narang
-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...
More »Bitter sweet -Alok Sinha
-The Indian Express Healing the sugar sector and curbing inflation need brave reform. The first month of great expectations is over. But no magic is possible in such a short period of time. The treasury is scraping the bottom of the barrel, and reviving growth calls for herculean efforts to put the economy back on the rails. Meanwhile, fears of an impending failure of the monsoon have spiked inflation, which is at...
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