-The Financial Express At today’s prices, imports cost less than Indian grain Imagine the irony. India has 34 million tonnes of wheat stocks with the Food Corporation of India (FCI) already and another 3-4 million will get added to this by July 1, but the country is still importing wheat, albeit in very small quantities. By July 1, FCI’s wheat and rice stocks will cross 60 million tonnes as compared to the...
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Nabard Can Help Weather Rural Financial Distress -Charan Singh
-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...
More »Cash for Food--A Misplaced Idea -Dipa Sinha
-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...
More »Odisha sees red at cash transfer plan -Subrat Das
-The Telegraph Bhubaneswar: The state government has opposed the Shanta Kumar Committee's recommendation for direct cash transfer through the public distribution system (PDS) instead of subsidised food grain supply to the beneficiaries. Officially, the state's opposition is based on the argument that cash transfer would affect farmers, as procurement from them would stop. However, sources said the state was worried about the move's fallout on its scheme providing rice to the poor...
More »Maharashtra's drought-hit farmers without bank accounts denied aid -Priyanka Kakodkar
-The Times of India MUMBAI: A staggering Rs 460 crore disbursed by the Maharashtra government as compensation for drought-hit farmers has come right back to the state's coffers. The key reason it could not be distributed, officials admit, is that lakhs of farmers impacted by the calamity do not have bank accounts - now a mandatory requirement for aid recipients. Since 2014, Maharashtra has been allotting aid only to bank accounts of...
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