-The Economic Times The government should liquidate wheat stocks through exports and sales in the open market and share the proceeds with farmers to raise their income levels, a government panel suggested. In its latest report to the agriculture ministry, the Commission for Agricultural Costs and Prices (CACP), which recommends a minimum support price (MSP) for agriculture crops, is said to have maintained that there is no reason to lift the...

-The Business Standard Turning the country's food Procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...

-NDTV Over-ruling the objections of India's defence forces, the government has said that 4500 canteens in the Navy, Air Force and Army will be reviewed by the national auditor CAG. The canteen's run by the armed forces qualify as the biggest retail chain of the country which serve all serving and retired personnel of the three services. At the top of the chain are the 34 outlet of the Canteen and Stores...

-The Indian Express After 14 years, the Central government has held the minimum support price (MSP) for wheat constant at last year’s Rs 1,285 per quintal. There is, of course, still no guarantee that the price will not be changed if major producer states like Punjab and Haryana raise objections. But for now, the UPA government’s newly discovered zeal to push through another reform is heartening. It may also be useful...

-PTI Pitching for direct cash transfer of food subsidy, Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday assured this would not result in dismantling of current system of procuring grains at minimum support price (MSP) and distribution through PDS. "...about the cash transfer (of subsidy), the accusation is that you want to dismantle the PDS. This is completely wrong because there is no question of dismantling the minimum support prices," Ahluwalia...