The empowered group of ministers (eGoM) recently decided on two important steps seen crucial for management of foodgrains. The first was the finalization of the National Food Security Act (NFSA) and, secondly, extending the term of the Nandan Nilekani committee to explore the possibility of introducing cash transfers for delivering food subsidy directly to the poor. Another linked decision was to allow exports of wheat and rice to international markets. The...
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‘Benefits of growing economy must reach rural areas’
Ahmedabad : In a five-page concept note that will be further expanded and which is expected to guide the government policy during the 12th Five-Year Plan for the state, 10 senior academics have pointed out the areas of concern in rural parts of Gujarat. They have put forward a proposal before the state. The paper is a result of a meeting chaired by IRMA chairman Professor Y K Alagh on the...
More »Global food inflation to return after brief respite
-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and Wheat Prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
More »Food draft toes NAC line by Radhika Ramaseshan
A group of ministers has approved a draft food bill, considered the successor to the blockbuster rural jobs scheme, after incorporating most suggestions made by a panel headed by Sonia Gandhi, a minister said today. The bill, which will give the poor the right to subsidised foodgrain entitlements, has accepted “most” suggestions of the National Advisory Council (NAC) and deviations, if any, are “minor”, said K.V. Thomas, the minister of state...
More »Power centre or toothless body? by Akshat Kaushal
Why is the ruling party unable to pass 3 very important bills? The National Advisory Council draws its exalted status from the fact that UPA Chairperson Sonia Gandhi heads it. But its inability to get its way on three new Bills indicates that its influence is waning. A couple of weeks ago, the Sonia Gandhi-led National Advisory Council (NAC) cleared the drafts of two significant Bills — the Food Security Bill and...
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