-The Hindu Business Line India now has the technology to track leakages at each stage in the public distribution system The Government has set up the Expenditure Management Commission to rationalise subsidies, among other expenditure items in India. India incurs nearly one per cent of food subsidy annually, generally utilised under the existing public distribution system (PDS) consisting of Food Corporation of India (FCI) and nearly five lakh Fair Price Shops (FPSs)....
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Still parched
-The Indian Express The four-month monsoon season ended last week leaving a deficit of 12 per cent. The authorities have called it a below-normal monsoon and the worst in the past five years, but skim the data and the picture seems even more sobering. Nearly one-third of the 36 met divisions in the country have received deficient rainfall, with Haryana, Punjab and Uttar Pradesh - which are major agriculture regions -...
More »Won't raise allocations under food law: Govt
-The Business Standard Says increase in the subsidised foodgrain allocation will put pressure on the food subsidy bill Union Food Minister Ram Vilas Paswan on Tuesday said the government has no plans to raise subsidised foodgrain allocations under the National Food Security Act (NFSA) from 5 kg to 7 kg a person a month. Under the Act, each eligible person gets 5 kg of rice at Rs 5 a kg or wheat at...
More »India's farm subsidy well below WTO cap of 10%: Official
-PTI NEW DELHI: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy of $56 billion, of which trade distorting subsidy amounts to only $13.8 billion for 23 commodities, including rice and wheat. Explaining...
More »India hopeful of solution on food security issue at WTO
-The Business Standard Hopeful of directional change in India-China trade relations With the World Trade Organization (WTO) reconvening this month, India is hopeful its concerns on public stockholding for food security purposes will be considered this time, even as the government on Wednesday said it is not the only country is demanding an early resolution to the issue. "Today, the environment is far more in favour of India. People are able to understand...
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