The recommendation of the National Advisory Council (NAC), that the proposed food security bill should include 75% of the population, is populist. The measure, if implemented, will entitle nearly 800 million people to some kind of subsidised food. It will drive a big hole in the budget, which finance minister Pranab Mukherjee has tried hard to rebuild after the spending excesses of 2007-09. This is not to say that the poor...
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NAC consensus on food security by Smita Gupta
75% of population to get 35 kg of foodgrains; 20 kg for rest After months of hard bargaining with the Planning Commission and the government, the Sonia Gandhi-led National Advisory Council (NAC) on Saturday appeared to have got a consensus on a universal food security system with legal guarantees, even though with differential entitlements. However, the NAC has expanded the concept of below the poverty line (BPL)-PDS beneficiaries, virtually doubling their number...
More »Implement food security scheme in two phases: NAC by Smita Gupta
The framework for food security, cleared by the Sonia Gandhi-led National Advisory Council on Saturday, if implemented, will entail an additional expenditure of Rs.15,137 crore annually in the first phase. It is slated to kick off next year and will cost Rs. 23,231 crore annually when the entire population is covered by March 2014. Assuming an offtake of 85-90 per cent, the procurement will have to go up from 55 million...
More »Punjab cries foul over low wheat support price by Vibha Sharma
Punjab Chief Minister Parkash Singh Badal and the farm lobby reacted sharply today to the Centre’s announcement of the Minimum Support Price for Wheat. The Centre yesterday had announced a nominal hike of Rs 20 in the MSP, fixing it at Rs 1,120 per quintal. Describing it as a ‘stab in the back’, the Punjab CM claimed that the MSP fixed for wheat is lower than the rate at which the...
More »Government decides on major push for pulses
Raises support price by Rs 380/qtl; marginal rise for wheat. Pulses saw the highest rise of Rs 340- 380 per quintal in minimum support price (MSP), the government announcing these for the current rabi season. The decision is in line with government efforts to increase their sowing, to meet the increasing demand for the crop. The MSPs of masur and chana were increased by Rs 380 per qtl and Rs 340 per...
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