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Food Subsidy bill may rise by Rs 25k crore

The Food Subsidy bill for 2010-11 could shoot up by nearly Rs 25,000 crore to touch Rs 80,000 crore, putting further pressure on the government’s finances, a food ministry official said on Tuesday. The government has budgeted Rs 55,578 crore for the current fiscal. The sharp increase in the subsidy is because of higher minimum support price ( MSP )) for crops and the government holding food stock that are nearly three times...

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CM to press for special package for farmers

Chief Minister N Kiran Kumar, who is leaving for Delhi tomorrow, will take up with Prime Minister the issue of a special package to the farmers who have lost their corps in the recent rains. He will also meet food and agriculture minister Sharad Pawar and others. Reddy along with finance minister Anam Ramnarayan Reddy, revenue minister N Raghuveera Reddy, chief secretary SV Prasad and other officials, reviewed the various efforts...

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Centre allows export of 5 lakh tonnes of sugar by Gargi Parsai

Production this year likely to be 24.5 million tonnes, compared to internal demand of 23 MT The Centre has allowed export of 5 lakh tonnes of sugar. It has asked sugar mills to register themselves for seeking the Release Order for exports under Open General Licence (OGL). They have been allowed to export raw, white and refined sugar, but no export subsidy will be given. Export only from new output The OGL export...

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Food retail: Next large opportunity for country wide biz

Organized retail of packed food and raw food reduces prices of food for urban citizens and pays farmers a better price for the agricultural produce. It eliminates middle men and decision making at every other level. This is not rocket science. However, politicians refuse to do away with the WWII public distribution system in order to retain power at the district level. Well, for one thing, the format of the...

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Farmers' suicides reflective of death of rural banking by G Arun Kumar

Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...

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