-Down to Earth Jean Dreze argues that we should not leave the making of an equitable society to experts alone What does one make of the shameful statistic that over 200 million Indians still subsist below the poverty line? How does one square it with the equally obscene distinction that we have the world’s fourth largest number of billionaires, thus making India the second most unequal nation after Russia? Indeed, how...
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Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
More »Punjab foodgrain scam: Top bankers say could stop lending to state
-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...
More »Deadline for Food Act execution not to be extended -Sanjeeb Mukherjee
-Business Standard Sixteen states and Union territories implemented the Act's provisions in all districts or some The Centre has decided not to extend the Wednesday deadline for states to implement the National Food Security Act (NFSA). "Those states who have not adopted the NFSA will continue to get grains under old public distribution system rates, but they must realise it is not in their own interest to keep away from the Act for...
More »In 2 years, 40,000 tonnes of grain went down the drain -Christin Mathew Philip
-The Times of India CHENNAI: At a time when fears of another drought year are looming large, an RTI application filed by TOI has revealed that the quantity of foodgrains damaged in Food Corporation of India godowns across the country recorded a drastic jump over the last two years when the country lost more than 40,000 tonnes. Though the losses are attributed to natural calamities like cyclone and floods, experts say...
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