-The Hindu The government on Thursday said it proposed to restructure the Food Corporation of India that procured, stored and distributed foodgrain to identified beneficiaries under the Targeted Public Distribution System. Presenting his budget proposals for the food sector, Union Finance Minister Arun Jaitley said the government was committed to reducing transportation and distribution losses and enhance the efficacy of the Public Distribution System. Food Security Act Although Mr. Jaitley did not mention the...

-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...

-The Indian Express Healing the sugar sector and curbing inflation need brave reform. The first month of great expectations is over. But no magic is possible in such a short period of time. The treasury is scraping the bottom of the barrel, and reviving growth calls for herculean efforts to put the economy back on the rails. Meanwhile, fears of an impending failure of the monsoon have spiked inflation, which is at...

-The Business Standard   Food Corporation to restrict procurement of foodgrain from states announcing additional sops In a crackdown on the practice of states announcing bonuses on the minimum support price (MSP) for wheat and rice, the Centre has said Food Corporation of India (FCI) will restrict procurement of foodgrain from such states. This will be effective from the coming rice procurement (October 2014-September 2015) and wheat procurement (April 2015-March 2016) seasons. If states...

-The Times of India   NEW DELHI: The government is ready with a contingency plan to deal with below normal rains this monsoon with a series of steps including diesel subsidy for farmers in the rain-deficient districts, crop loans at lower rates and release of foodgrains to deal with a possible shortage. Amid reports of below normal rains, the agriculture ministry presented the plan for 500 districts during a meeting called by Prime...