-The Business Standard Too much grain, and no way to distribute it In about a month from now, the country’s ever-bulging foodgrain stockpile will bloat further to over 75 million tonnes, a record amount. This will be nearly two-and-a-half times the stipulated maximum food buffer. Worse, it will outstrip the available warehousing capacity (covered and open) of 63 million tonnes by a wide margin. Even today, a good part of the present...
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Marketing arrangements for agriculture products archaic: Rangarajan
-PTI Chairman of Prime Minister's Economic Advisory Council, C Rangarajan today said Agriculture Produce Marketing Committees (APMCs) have not helped the farmers in gaining higher level of income. "The marketing arrangements with respect to agricultural products remain very archaic", he said, delivering the convocation address at the University of Agricultural Sciences, Bangalore. "Some of the legislations such as APMC have also not helped the farmers. There is a big difference between what the...
More »Government approves Public procurement Bill
-PTI The Cabinet on Wednesday approved a bill that seeks to regulate government purchases of above Rs 50 lakh through a transparent bidding process. The Cabinet meeting, chaired by Prime Minister Manmohan Singh, approved the public procurement bill that has a provision to debar bidders found engaged in corrupt practices, sources said. Currently, there is no overarching legislation governing public procurement by the central government and central public sector enterprises. The General Financial Rules,...
More »Food security & the cup of Tantalus by Mani Shankar Aiyar
The key issue is not availability or resources but last mile delivery: how to reach foodgrains to people. In ancient Greece, the punishment given to Tantalus was to tie a cup around his neck and fill it with water. Every time he bent to take a sip, the cup would drop further and he would never get a drop into his parched mouth. From this comes the word “tantalizing”. Something like...
More »Govt's foodgrains inventory up 21 pc as of April 1
-PTI The government's foodgrains stock rose by 21 per cent to 53.4 million tonnes as of April 1 from 44.3 million tonnes the year-ago period, according to the Food Corporation of India (FCI). Wheat inventory jumped to 19.95 million tonnes from 15.4 million tonnes a year earlier, the FCI said on its website. Similarly, rice stock rose to 33.35 million tonnes from 28.82 million tonnes the year-ago period, it said. Wheat and rice reserves...
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