A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...
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Pranab vetoes extra food subsidy to states-Ravish Tiwari
In the first example of his intention to take “difficult decisions” to contain the ballooning subsidy burden to control the fiscal deficit, Finance Minister Pranab Mukherjee on Monday denied permission to food minister KV Thomas for about 26.5 million tonnes of additional food grain allocation to states at subsidised rates over the normal allocation that would have cost the exchequer Rs 32,794 crore of food subsidy. “It will have to be...
More »UP & Punjab farmers protest as private dairies cut purchase price-Madhvi Sally
Dairy farmers and contractors in western Uttar Pradesh and Punjab are on a warpath after private milk companies reduced procurement prices to take advantage of a bumper milk production. Farmers allege that companies are profiteering because they have not simultaneously reduced consumer prices. But companies say they have huge stocks of unsold milk and milk powder and a cut in procurement prices is to bring pressure on government to allow exports. Cooperatives...
More »A bound-to-fail positive effort-Panini Anand
THE DEBATE on the National Food Security Bill, tabled in parliament three months ago, is on full swing. Economists from both sides are arming their arguments with facts and logic. The people who would benefit of this legislation are in a dilemma. This prompts the consideration that the experts must try to see the issue from the ground reality of food security and its beneficiaries. Undoubtedly, it’s a great and historical...
More »New policy to end dependence of farmers on cotton export
-The Times of India The Gujarat government has decided to come up with a new policy that would ensure that state's farmers do not have to depend on cotton export in order to earn a high price of their produce. Announcing this in the state assembly, state industries minister Saurabh Patel told the house that the government plans to come up with a scheme that would encourage the existing ginning mills...
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