-PTI Global food prices are expected to be higher in the 2011-20 period compared with the previous decade and this could have a “devastating” impact on the poor in developing countries, an OECD-FAO report has said. “Higher food prices and volatility in commodity markets are here to stay,” Organisation for Economic Co-operation and Development (OECD) and Food and Agriculture Organisation (FAO) said in a joint report released today. The report ‘OECD-FAO Agriculture...
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Centre seeks States' views on Food Security Bill by K Balchand
Gearing for the challenge of implementing the proposed Food Security Bill, Union Minister of State for Food and Public Distribution K.V. Thomas has decided to hold a conference of Chief Ministers to seek their views and cooperation. Mr. Thomas toldThe Hindu that he had made a presentation of the proposed Bill to Defence Minister A.K. Antony, Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar and Planning Commission Deputy Chairman Montek Singh...
More »Food Bill could unleash new wave of inflation: Raghuram by Devjyot Ghoshal
India’s fiscal policy is not supportive of monetary measures that the country’s central bank is employing to fight rampant inflation, the prime minister’s honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern. The Bill, which proposes to give about 68 per cent of population the legal right to subsidised food, will not only...
More »In India's grain bowl, farms face threat from MNREGS
-Reuters Sitting at the edge of fields in the heart of India's grain bowl, Gurdayal Singh Malik shakes his head in resignation about the lack of workers needed for his 60-acre farm, blaming the government's flagship welfare program, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), for the shortage. Ever since the start of the program, which guarantees 100 days of work a year for rural households, the flow of...
More »Cash cure for leaky PDS by Anirban Bhaumik
The Government proposal to make cash transfer in place of food grain to poor families has drawn mixed reactions. Raghuvir Nagar on the western outskirts of Delhi has of late turned into a turf for a war between two schools of thought. The war has not been limited to campaigns and debates and purportedly escalated to the level of allegations, even intimidation, so much so that the Government of the national...
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