From next year, atta,bread,biscuits ,snacks and everything made from maida and sooji will become seriously more expensive. Even after a bumper crop, there just won't be enoughwheat for us. ET helps you join the dots. The trigger for wheat inflation that will hit each one of us is the Food Security Act, which kickstarts next year. The Food Corporation of India (FCI) will need substantially more wheat to supply three...
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Poor economics
The embarrassment of riches in grain stocks confronting the government is a problem of its own making. It is the product of ill-conceived policies on grain procurement, storage and distribution and mistimed decisions on opening and shutting of foodgrain exports. The grain stocks that have piled up as a consequence are far more than needed for any rational inventory and public distribution programme. Burgeoning Food stocks pose problems of storage...
More »Nilekani's 3 steps for direct food subsidy transfer by Sanjeeb Mukherjee
Proposes centralised PDS network, model PDS software for transparency. As the government works out the modalities for implementing direct transfer of subsidies on cooking gas, fertilisers and kerosene, a task force headed by Nandan Nilekani has proposed a three-stage model for direct transfer of food subsidy. The rollout of direct transfer of food subsidy will be contingent on a modern and computerised public distribution system (PDS), for which Nilekani has suggested a...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Animal experts at UN-backed conference are ‘concerned’ about trade in animals and skins
-The United Nations Animal experts from 50 countries meeting at a United Nations-backed conference today expressed concern about the sustainability of current levels of trade in snake skins used in luxury products and another 20 animal species used in biomedical research, the food industry or as pets. More than 200 scientists conferring in the 25th meeting of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) animal...
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