The Empowered Group of Ministers (EGoM) on Food Security will have to wait for formal views from the National Advisory Council (NAC) before its next move on the government’s promise to legislate a National Food Security Act. The EGoM, which is scheduled to meet Friday, chaired by Finance Minister Pranab Mukherjee, did not list the Bill on its agenda for the meeting. While officials claimed that this was because Deputy...
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Plan panel for hoarding grain to curb subsidy? by Nitin Sethi
Is the Planning Commission too singularly focused on reducing food subsidy and intending to dissuade people from buying subsidized food rations even as the government spends thousands of crores to store excess grains in its stocks? Is it being penny wise but pound foolish? An internal note of the Plan panel suggests so. A note prepared by the panel reveals some startling information. On April 1, 2010 -- normally the...
More »Food, fuel and farms
The Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) have warned that farm commodity prices, especially foodgrains, may rise by as much as 40 per cent by the end of this decade. This warning must be taken seriously given its implications for food insecurity. FAO’s Agricultural Outlook 2010-2019 projects prices of wheat, coarse grains and dairy products rising by 15 to 40 per cent...
More »Mandatory cheap foodgrains for poor may cause hike in oil prices by Gargi Parsai
It is the availability of adequate foodgrains to meet the mandatory requirements under the proposed National Food Security Bill that worries the government, not the enhanced subsidy such a move would entail. From what the government is planning it appears that the subsidies on petroleum products would go to meet the requirement of providing cheap foodgrains to the poor under the Public Distribution System (PDS) and to bring the Above...
More »Weak monsoon over soybean areas by Ratnajyoti Dutta and Mayank Bhardwaj
Monsoon rains, which have entered the key soybean-growing areas, are likely to be weak in the next three days, weather officials said on Monday. But industry officials said sowing of soybean, the main summer-planted oilseed, would not be hit due to good soil moisture after recent pre-monsoon showers in the region. Weather officials said rains are likely to gather momentum from 25 June. “We expect monsoon flow to strengthen over central India from...
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