The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...

-The Hindu   The Right to Food Campaign on Tuesday appealed to Prime Minister Manmohan Singh to set aside the government draft of the Food Security Bill which “minimises government's obligations, restricts people's entitlements and is devoid of any accountability”. Rejecting the government's draft Bill, the Campaign gave a national call for action. In an open letter to the Prime Minister, the Campaign said the draft Bill approved by the Empowered Group of...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...

Two of India’s biggest tea companies, Goodricke Group Ltd and Duncans Industries Ltd, said they may plunge into losses as workers, backed by key political parties, agitate for more pay. The labour unions reject this contention. The two companies are the main plantation owners in West Bengal’s Dooars region and do not have too many gardens elsewhere. Between them they produce about 34 million kg of tea a year; Goodricke is...