The government has asked states including Uttar Pradesh, West Bengal, Gujarat, Rajasthan and Bihar to set up grain procuring infrastructure to increase lifting from the farmers so that requirement for the proposed food security law could be met. The Food Corporation of India, chairman and managing director, Siraj Hussain said state-level procuring agencies can help in arranging sufficient credit facilities for carrying out grain purchase activities without depending on the Central...

How economically sustainable is food subsidy? The cost could even be double of what the government estimates Food deprivation and malnutrition are completely unacceptable and everything has to be done to eliminate such an evil. The prevalence of malnutrition in a country like India is in itself a cause for serious concern since malnourished children may jeopardise India’s favourable demographic dividend (as per independent estimates, close to 60 per cent of...

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

Even as the Centre prepares to implement its proposed national Food Security Act, States have expressed their unhappiness about the contours of the Bill, particularly the cap on the number of beneficiaries which will automatically reduce their allocation of subsidised foodgrains. Requirement of funds, more foodgrains for distribution under the Targeted Public Distribution System (TPDS), and paucity of storage capacity was a common refrain during the two-day conference of State Food...

-The United Nations Global food prices rose overall last month for the first time in six months, demonstrating the volatility of international food markets, the United Nations Food and Agriculture Organization (FAO) reported today. The FAO Food Price Index rose by four points or nearly two per cent to a measure of 214 points in January, with the price of oils increasing the most, followed by cereals, sugar, dairy products and meat. This...