-The Financial Express From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level committee to recommend measures for restructuring the Food Corporation of India (FCI), the government has taken various steps for cutting down food subsidy and curbing further spike in agricultural commodity prices. From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »UN's agricultural development agency chief reverses stand supporting India on WTO -Jitendra
-Down to Earth IFAD president Nwanze says he was misquoted by media and only supported India's food security law Kanayo F Nwanze, president of the International Fund for Agricultural Development (IFAD), a specialised agency of the UN which finances agricultural development projects in developing nations, has reversed his earlier stand supporting India for opposing the WTO Trade Facilitation Agreement (TFA). India had vetoed TFA in Geneva over its food security concerns and need...
More »India hopes to convince WTO by Sept on food security issue
-PTI New Delhi: After the recent failure of WTO talks, India on Wednesday hoped that by September it will convince the multi-lateral trading body about the need for developing nations to give subsidies on food stocks so that it is relieved of the "draconian sword". Commerce Minister Nirmala Sitaraman told Rajya Sabha that the tough position adopted by India and the recent talks in Geneva had been supported by many least developed...
More »Govt stance at WTO belies assurance on food security, says farmers’ group
-The Hindu Business Line While some farmers organisations have welcomed the Narendra Modi Government's stance in World Trade Organisation, some others feel that the Government's actions do not match its words with regard to its stance on food security and farm subsidies at home. "We totally support the Government's stand on WTO's Trade Facilitation Agreement. In fact, in a country like ours, agriculture should be totally kept out of the purview of...
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