The empowered group of ministers (eGoM) recently decided on two important steps seen crucial for management of foodgrains. The first was the finalization of the National Food Security Act (NFSA) and, secondly, extending the term of the Nandan Nilekani committee to explore the possibility of introducing cash transfers for delivering food subsidy directly to the poor. Another linked decision was to allow exports of wheat and rice to international markets. The...
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‘Benefits of growing economy must reach rural areas’
Ahmedabad : In a five-page concept note that will be further expanded and which is expected to guide the government policy during the 12th Five-Year Plan for the state, 10 senior academics have pointed out the areas of concern in rural parts of Gujarat. They have put forward a proposal before the state. The paper is a result of a meeting chaired by IRMA chairman Professor Y K Alagh on the...
More »Global food inflation to return after brief respite
-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and Wheat Prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
More »Posco in south by Ravi Sharma
THERE is money on offer, but the farmers of Halligudi, a hamlet of 5,500 people in Karnataka's Gadag district, are hardly happy at the prospect of 3,382 acres (one acre is 0.4 hectare) of farmland being acquired for a Rs.32,336-crore steel plant south of National Highway 63, which runs between Karwar and Bellary. The plant is to be set up by the Indian subsidiary of the South Korean steel major Posco...
More »Food draft toes NAC line by Radhika Ramaseshan
A group of ministers has approved a draft food bill, considered the successor to the blockbuster rural jobs scheme, after incorporating most suggestions made by a panel headed by Sonia Gandhi, a minister said today. The bill, which will give the poor the right to subsidised foodgrain entitlements, has accepted “most” suggestions of the National Advisory Council (NAC) and deviations, if any, are “minor”, said K.V. Thomas, the minister of state...
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