The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...
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NAC to consult ministries on Food Security Act
The National Advisory Council is still working on the amount of grain to be distributed to each family under the Food Security Act. It will hold consultations with ministries of rural development and food and the Planning Commission before it firms up its suggestions for the proposed legislation. The panel, which met on Monday, considered the economic cost of various options to meet the goal of food security. The NAC...
More »NAC meet tomorrow to discuss draft of food security bill by Smita Gupta
Food grain entitlement programme to start in the 150 poorest districts in the first year The Sonia Gandhi-led National Advisory Council (NAC) is yet to reconcile the government's assurance of a monthly provision of 25 kg of foodgrains for every family with its desire to enhance it to 35 kg. Nor has it been able to resolve the contentious question of dual pricing — Rs. 3 a kg for the poor...
More »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 »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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