The Punjab Government Thursday requested the Reserve Bank of India that it should impress upon Public Sector banks to aggressively promote Agricultural Debt Swap scheme to free the farmers from the clutches of moneylenders. The Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal raised this issue when Dr. D. Subbarao, Governor, RBI today called on him. The Deputy Chief Minister impressed upon the Governor that the Punjab farmers reeling under Rs....
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What India’s growth story conceals by Abhijit Patnaik
India’s performance at the Commonwealth Games in 2010 has been its best so far – second on the medals list.However, another kind of ‘competition’ ranked 84 countries in accordance with achievements in a different field this week. India was a lowly 67th. The field was hunger, measured by combining the proportion of people undernourished, the proportion of underweight children and the child mortality rate. The Global Hunger Index (GHI) 2010 –...
More »Jharkhand PDS set to go hi-tech
Very soon, finger prints would become the key to foodgrains at the public distribution system (PDS) outlets in Jharkhand. Having given its nod to induct about 12 lakh new families in the list of people below the poverty line (BPL), the Jharkhand Government has decided to go in for high-tech mechanism for distribution of foodgrains to the beneficiaries of the public distribution system (PDS) across the state. In keeping with the modules...
More »Low procurement may stall NAC’s food security law
"To implement the NAC's two proposals, the grain requirement is estimated to be over 70 million tonnes. We have shared that any requirement of the grain over 55 million tonnes would be difficult to meet," an official source said. The latest challenge to the proposed food security law has come from the government’s procurement agencies as the Food Ministry procures only 55 million tonnes of foodgrains a year against the 70...
More »Speculation and the economics of hunger by Biraj Patnaik
A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...
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