The government will soon have to decide on the proposal of direct cash payments in lieu of food subsidy as a key committee of Parliament has asked the ministries concerned to decide quickly on the issue. This cash payment through smart cards is increasingly being seen as an option to prevent leakage in the public distribution system (PDS), and certain variants of the system are already being experimented with by...
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An embarrassment of riches
The Union government has been widely criticised for letting Foodgrain rot in its godowns, while food prices soar and millions remain underfed. In its defence the government has spoken about the fiscal cost of selling these stocks. However, the underlying problem of excessive procurement and overstocking of Foodgrain has not received as much attention. The government has claimed that official agencies have been mopping up over 99.5 per cent market...
More »Killed by the Food Bill by Nitin Sethi
At a time when some of the poorest belts of India are suffering from a monsoon failure the government, has decided to let lakhs of tonnes of food grain turn inedible in the godowns rather than give it to the needy. Ironically, it has used the proposed National Food Security Act as an excuse to not distribute the grains to the needy. The Supreme Court in its last hearing had...
More »Rice output may reach record as rain boosts planting
India, the world’s second-biggest rice grower, may have a record harvest this year as increased planting offset drought in the east of the country. Production may total 100 million tonnes in the year ending June 2011, compared with 89.3 million tonnes a year ago, said Vijay Setia, president of All India Rice Exporters’ Association. Output was a record 99.2 million tonnes in the year ended June 30, 2009, according to the...
More »Food economy’s persistent rot by Himanshu
It is not every day that we have more than 60 million tonnes of Foodgrain in our granaries. It must be an achievement, considering we were living literally from ship to mouth even in the 1960s. Unfortunately, what could have been a matter of pride has turned out to be a national shame, that too the second time in this decade (the first was in 2001). As Karl Marx said,...
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