-The Financial Express In a bid to curb pilferage of foodgrains in the Targeted Public Distribution System (TPDS), the Centre on Saturday asked the states to opt for Direct Benefit Transfer (DBT) under which the subsidy component is credited to bank accounts and allows the beneficiaries to buy foodgrains from the market. However, for implementing DBT, the states must complete digitisation of beneficiary list and seed bank account details for fund transfer....
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In a year of flat food output, pulses poses inflation worry -Zia Haq
-Hindustan Times India’s below-average and a largely flat food production this year is sure to keep prices of pulses high, prompting the government to take a slew of steps aimed at taming prices. Yet there is widening demand-supply deficit of one of the commonest protein item on an average Indian’s plate. * What happened? Lentils, the commonest protein item in an average Indian’s meal, are low on supplies. * What does it mean? Pulses could...
More »Revisit interest subsidy scheme for farmers -Ashutosh Kumar Tripathi
-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...
More »Foodgrain output to stay below 2013-14 level, predicts agriculture ministry
Till recently agricultural production in the current crop year was expected to be adversely affected by drought situation in more than 10 states, apart from hailstorms and excessive rainfall that happened in March. However, if one were to believe a recent forecast made by the Ministry of Agriculture, the overall foodgrain production in the country this crop year is anticipated to remain almost the same as last year. In 2014-15,...
More »Free grains likely for 25 million poorest of poor families -Dipak K Dash
-The Times of India NEW DELHI: The Centre is likely to provide 'free of cost' foodgrain to the poorest of the poor families under the Antyodaya Anna Yojna (AAY) which would benefit nearly 25 million families across the country. This is being seen as yet another step by the government to push its 'pro-poor' image just days before it completes two years in office. Sources said the food ministry will present this...
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