-Firstpost.com On 7 May, the Comptroller and Auditor General (CAG) of India presented to Parliament a Performance Audit of Storage Management and Movement of Foodgrains in Food Corporation of India. This report has gone largely unreported in the media, given that it does not contain any big number running into lakhs of crores like previous reports of the CAG did. But it clearly explains why the government of India is in no...
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Between mass hunger and bursting granaries-Agrima Bhasin
-The Hindu A concern about the Food Security Bill is that legal entitlement has been weakened to mean a passive right to receive whatever the state gives The hallmark of the National Food Security Bill 2011 is that if implemented it will translate into India's first ever right to food legislation, guaranteeing food as a justiciable, legal entitlement to its people. However, in its current form, the Bill fails to evolve a...
More »Food Security Bill could violate India’s subsidy pledge at WTO -Amiti Sen
-The Hindu Business Line As the Food Security Bill awaits Parliament clearance, India fears that implementation of obligations under the Bill may lead to breach of farm subsidy limits fixed by the World Trade Organisation (WTO) and attract penalties if some global rules are not amended. New Delhi is, therefore, scouting for support at the WTO in seeking an amendment to the Agreement on Agriculture (AOA) to remove limits on public stockholding...
More »Sticky food inflation a combination of fiscal indiscipline, rural wages, global factors -Sanjeeb Mukherjee
-The Business Standard Ashok Gulati in a paper also gave measures to contain the inflation As India's food inflation continues to remain stubbornly high - it was in double digit for the third straight month in February 2013 at 11.38% - a discussion paper floated by eminent agriculture economist and chairman of Commission for Agriculture Costs and Prices (CACP) Ashok Gulati has blamed high fiscal deficit, rising farm wages and global food...
More »Granaries full, but cereal prices up 20% -Surojit Gupta & Sidhartha
-The Times of India The Centre is blaming state governments for a near 20% rise in cereal prices despite overflowing granaries that have record stocks, and suspects that hoarding and high state levies are causing the spike. The latest wholesale price inflation data showed that the price increase in this segment was estimated at over 19%. According to the consumer price index, inflation is of the order of 17%. Last month, Food...
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