With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...
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Every grain of wheat will be purchased from farmers: Madhya Pradesh Chief Minister Shivraj Singh Chouhan
-PTI Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said that every single grain of wheat would be purchased from the farmers in the state under the wheat procurement process. The farmers should maintain calm without getting misled by any wrong propaganda, the Chief Minister said adding that the remaining farmers will be registered within three days and the wheat would be purchased from them. Chouhan said this while addressing the commissioners and...
More »Wheat aplenty but gunny scarce in Madhya Pradesh
-The Hindu Chauhan sees injustice in FCI failure to lift quota Madhya Pradesh has had a bumper wheat harvest this rabi season, so much so the State does not have enough gunny sacks to pack the procured produce. Chief Minister Shivraj Singh Chauhan on Wednesday called on Union Minister of State for Consumer Affairs, Food & Public Distribution K.V. Thomas in New Delhi and complained of the shortage. Mr. Thomas assured him that...
More »Record foodgrain estimate won’t lead to lower prices-Ruchira Singh
Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...
More »CCI imposes Rs 317cr fine on 3 firms for collusive bidding
-PTI Competition watchdog CCI has imposed Rs 317 crore in penalties on three companies, including agro-chemicals major United Phosphorus, for collusive bidding to supply ALP tablets to Food Corporation of India (FCI). The aluminium phosphide (ALP) tablet manufacturers -- United Phosphorus, Excel Crop Care, and Sandhya Organics -- have been fined 9 per cent of the their three years' average profits. ALP tablets are used by the FCI for preserving its central pool...
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