-The United Nations Global food prices in November were virtually unchanged from October, and 10 per cent below their peak in February, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s Food Price Index level was 215 points last month – just two points, or one per cent, above its level in November 2010, according to a news release issued by the Rome-based agency. Cereal prices dropped by 3 points, or...
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Food Ministry moves cabinet note on National Food Security Bill
-PTI The Food Ministry has moved a Cabinet note on the National Food Security Bill which aims to provide legal entitlement to subsidised foodgrains to two- third of the country's population, sources said. The proposed bill, which would cost the government exchequer Rs 94,973 crore a year in subsidies, may be taken up for the Cabinet discussion soon as the Centre is keen on introducing it in the ongoing session of...
More »India needs 30% of grains output for new food bill
-Reuters India is assuming grain purchases at around 30 percent of output in plans to expand its welfare programme, the food minister said, relying on increased yields and lower wastage to cover extra requirements and keeping exports on the agenda. "We have made the calculation (for the Food Security Bill) on the basis of the grains we can produce and procure. We will procure only 30 percent of our production, 70 percent...
More »Food bill to help social sector push by Sanjeeb Mukherjee
Bill has provision for free meals, besides an allowance of Rs 6,000 to all pregnant women. Ahead of assembly elections in seven states next year, the United Progressive Alliance (UPA) government is planning a big push towards its social security agenda. For, its Cabinet note on Food Security Bill has incorporated a provision for free meals, besides a monthly allowance of Rs 1,000 for six months to all pregnant women and...
More »High food price, a crisis on our plate by Brinda Jagirdar
To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...
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