-PTI National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of foodgrain to poor under the proposed Food Security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...
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Indian cooperatives grows by 1%, retains leadership in milk production by Mitul Thakkar
In 2010-11, India produced 121 million tonne of milk, which is close to 17% of global milk production. During the year, dairy cooperatives collected 9.6 million tonne of milk, a growth of around 1% over last year. Liquid milk marketing by cooperatives increased by around 4% over the previous year and was about 8.2 million tonne in 2010-11. Explaining that higher GDP growth, increased incomes in rural areas through schemes like...
More »Food Security Bill likely to hurt the poor more
-The Economic Times The Food Security Bill cleared by the Cabinet is likely to hurt the poor more than it helps them. India already has 54.7 million tonnes of rice and wheat lying as stocks with the Centre and the states, 29.7 million tonnes of grain in excess of the buffer stocking norm. Offtake of rice in the current fiscal year has been 74% of the allotment, and that of wheat,...
More »Bill provides for cost sharing with States by Gargi Parsai
The controversial targeted National Food Security Bill, which got the nod of the Union Cabinet on Sunday, is a pet project of United Progressive Alliance chairperson Sonia Gandhi. However, the recommendation made for near-universalisation by the National Advisory Council chaired by Ms. Gandhi, was set aside by the government. To be piloted by Minister of State (Independent) for Food and Public Distribution K.V. Thomas, the Bill will be introduced in the...
More »It's a travesty of food security, says CPI(M) by Gargi Parsai
Bill will come up for discussion in the Cabinet on Monday, says K.V. Thomas Even as the Communist Party of India (Marxist) on Friday said the proposed National Food Security Bill was “unacceptable,” Minister of State for Food K.V. Thomas indicated that legislation was coming up for discussion in the Cabinet on Monday. The CPI(M) has demanded the removal of the linking of entitlements to reforms in the public distribution system from...
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