Even as the issue of price rise takes centrestage in Parliament, the government’s attempt to offload wheat in the open market has found few takers among small traders. The reason: the price of wheat fixed by the Food Corporation of India (FCI) for small traders is higher than the prevailing wholesale prices at major centres across the country. In June, the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab...
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'Why not abolish PDS for APL families?' by Dhananjay Mahapatra
In what could put the government on a politically difficult turf, the Supreme Court on Tuesday asked the Centre to answer within two weeks why cheap ration under public distribution system (PDS) to above poverty line card holders should not be abolished and the BPL category enlarged. Under the targetted PDS (TPDS), wheat and rice are available at cheap rates to one crore poorest of the poor families (Antyoday Anna...
More »Does the govt know how to control rising prices? by Subodh Varma
Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...
More »Blueprint for farm growth by Mohan Dharia
Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...
More »Abandoning godowns, FCI opts for the open by Manish Tiwari
Hemant Gupta’s 30,000-tonne capacity godown for storing foodgrain is one of the largest in Ferozepur, Punjab. In 1978, the Food Corporation of India (FCI) hired it on a monthly rent of Rs75,000, or 50 paise per sq. ft—eventually raised to 80 paise per sq. ft. In 2004, Gupta says, FCI abruptly vacated his godown and stocked the grains in the open nearby. “See the rot within FCI,” says an exasperated Gupta. “They...
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