The Empowered Group of Ministers that met here on Thursday has advised the Union Food Ministry to get the National Food Security Bill vetted by the Law Ministry before placing it in the Union Cabinet for approval. The proposed Bill envisages provision of 25 kg. of wheat or rice to BPL families at Rs. 3 per kg per month. However, despite burgeoning wheat stocks, the EGoM chaired by Union Finance Minister...
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A new deal for BPL families by Gargi Parsai
The Centre will set up a Central Food Security Fund to monetarily compensate the Below Poverty Line (BPL) beneficiaries of the Targeted Public Distribution System (TPDS) who fail to get the proposed mandatory 25 kilograms of wheat or rice per family per month at a subsidised rate of Rs. 3 per kg. The compensation would be at the economic cost of the foodgrains so that an entitled beneficiary can buy grains...
More »Government-led inflation
Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. But after that the MSP shot...
More »Swaminathan’s concerns can’t be addressed: nutrition body chief by Jacob P Koshy
Sesikaran says Bt crop’s long-term effect on health can be studied only if it’s approved for commercial production Concerns raised by agriculture scientist M.S. Swaminathan, cited by the government as among the reasons to put a halt to the release of Bt brinjal, will be impossible to address, according to the head of a state-run laboratory. Swaminathan, 84, credited with the success of the Green Revolution of the 1960s that made India...
More »Focus on farm growth, food security bill by Gargi Parsai
Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...
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