The embarrassment of riches in grain stocks confronting the government is a problem of its own making. It is the product of ill-conceived policies on grain procurement, storage and distribution and mistimed decisions on opening and shutting of foodgrain exports. The grain stocks that have piled up as a consequence are far more than needed for any rational inventory and public distribution programme. Burgeoning food stocks pose problems of storage...
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Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Food security law could push up world prices, widen subsidy bill by Surojit Gupta & Sidhartha
The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...
More »States with poor off-take of special PDS food grains may lose quota by Gargi Parsai
States which do not lift their special allocation of food grains will lose their quota, warned Minister of State (Independent Charge) K.V. Thomas here on Wednesday. In his meeting with the Food Ministers of seven States, the Minister said the lifting of 15 million tonnes of specially allocated food grains since January was only 40 per cent in these States. “I have told the State representatives that if the lifting is...
More »The politics of foodgrain management by Himanshu
The empowered group of ministers (eGoM) recently decided on two important steps seen crucial for management of foodgrains. The first was the finalization of the National Food Security Act (NFSA) and, secondly, extending the term of the Nandan Nilekani committee to explore the possibility of introducing cash transfers for delivering food subsidy directly to the poor. Another linked decision was to allow exports of wheat and rice to international markets. The...
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