-The Hindu In a bid to keep pulses price under check, that went sky-rocketing during past few months, the Centre has now decided to create buffer stock of pulses. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for creation of buffer stock of pulses. The buffer stock will be created in current year itself. In its meeting held here, the CCEA has approved procurement of about 50,000 ton pulses...
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PDS: govt losing crores in paddy processing
-The Hindu Business Line Rice millers are making a killing due to policy gaps and old rates, says report The government is losing thousands of crores while rice mill owners are raking in the moolah, said the Comptroller and Auditor General (CAG) in its report tabled in Parliament on Tuesday. The report said mill owners are cashing in on lacunae in the government’s policy on the sale of paddy and rice by-products —...
More »Pulses buffer stock plan hits quality wall -Sandip Das
-The Financial Express The plan to build a buffer stock of pulses, akin to such facilities for rice and wheat, has run into a hurdle after the agriculture ministry insisted that only lentils that meet the Food Safety and Standards Authority of India. The plan to build a buffer stock of pulses, akin to such facilities for rice and wheat, has run into a hurdle after the agriculture ministry insisted that only...
More »Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
More »Unpaid subsidy means FCI to be starved of funds by December -Sandip Das
-The Financial Express Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Unless the finance ministry releases a good part of the unpaid subsidy of Rs 58,000 crore or let Life Insurance Corporation raise Rs 40,000 crore to support FCI soon,...
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