THE government seems to be considering a new system to replace the present system of targeted public distribution system (TPDS) with food coupons or direct cash transfer. The ills that plague the present TPDS are well-known and well-documented. The two national surveys, one by Programme Evaluation Organisation of the Planning Commission and the other by ORG-Marg, both at the instance of the Union government, have identified the major problem areas...
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Normal rain forecast cools food inflation by Unni Krishnan
India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...
More »Good wheat crop to ease inflation: Montek
A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. "This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here. The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end...
More »Monsoon to dispel clouds over sugar, grain
A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...
More »‘Calculate eligible BPL families for Rs. 3 a kg food grains' by Gargi Parsai
The Empowered Group of Ministers (EGoM) on Friday urged the Planning Commission to work out the number of Below Poverty Line (BPL) households and the households' size that would be eligible for Rs. 3 per kg discounted food grains under the proposed National Food Security Bill. The Tendulkar Committee report had placed the BPL percentage at 37.2 which, at 2005 population and household size, works out to about 7.14 crore households...
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