Kerala Food and Civil Supplies Minister C. Divakaran has come out strongly against the suggestion of the Federation of Indian Chambers of Commerce and Industry (FICCI) that the Union government withdraw from grain procurement, storage and distribution under the Public Distribution System (PDS) and outsource these to private operators. FICCI makes the suggestion in a study report, which was released a few days ago. In a statement here on Monday, Mr. Divakaran...
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UP seeks amendment in wheat procurement policy by Rajesh Kumar Singh
The state’s wheat purchase exercise is mid-way, but the state government officers have already started mulling over amending the current procurement policy. The wheat purchase started on April 1 and the government has purchased merely 14.84 lakh metric tonnes. The state government agencies have to purchase 39 lakh metric tonne for 2010-11. The Food Corporation of India (FCI) is to purchase 1 lakh metric tonne. Each month the state government...
More »Punjab: Good harvest but no place to store it
Free from harvesting Palvinder Singh is a happy man. This year his wheat harvest was up to his expectation and as a gesture of thanks giving, he, along with other farmers of a village near Sirhind are offering sweet water to people. He says this year his input cost was less and output more, which means he has made a profit of more than Rs 10,000 from his one acre...
More »Wheat prices drop on extra allocation on PDS
Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...
More »Stamp of possibility by Bhaskar Dutta
An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...
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