The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

-Press Information Bureau   Government of India has taken up the computerization of Targeted Public Distribution System (TPDS) in a phased manner to improve the efficiency and effectiveness of the TPDS. In the first phase, the scheme on Computerization of TPDS Operations had been approved to be implemented on pilot basis in three districts each of Andhra Pradesh, Assam, Chhattisgarh and Delhi. A pilot scheme on Smart Card based delivery of essential...

-IANS   The draft National Food Security Bill, which has been approved by the Empowered Group of Ministers (EGoM), has scant regard for children and does not assure their right to food security, activists of the Right to Food campaign said Monday. "It appears that the government does not consider the specific issues related to the food security of children, who form about 40 percent of the population, or the vast problem...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...

The ministry of consumer affairs and public distribution has allocated of 5.28 lakh tonnes per month of wheat and rice to Uttar Pradesh for the fiscal year 2011-12. The assigned foodgrains have been made available to the department of food and civil supplies for distribution through the public distribution system (PDS). At present, UP has a total of 65.84 lakh below poverty line (BPL) and 40.94 lakh Antyodaya card holders. On...