The Food Corporation of India (FCI) should feel relieved that the private sector has stepped in to create additional foodgrain storage capacity, bridging the extant gap. However, it is difficult to fathom why much of the new warehousing capacity is sought to be put in place in grain-surplus states (production centres) — notably Punjab and Haryana, besides some others like Andhra Pradesh, Tamil Nadu and Maharashtra — rather than in...
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Five myths about microfinance by TT Ram Mohan
The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
More »Panel eye on grain storage
The Centre today informed the Supreme Court it has set up a 10-member committee to monitor creation of foodgrain storage capacity and prudently manage stocks but sidestepped the matter of releasing more to the public distribution system (PDS). The committee will be headed by the secretary, food and public distribution. The court has repeatedly asked for more grain for ration shops so that it reaches the poor. The government has been resisting,...
More »Food Security Sans PDS: Universalization Through Targeting? by Smita Gupta
The case of the Food Security Bill gets curiouser and curiouser. What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...
More »Sugarcane farmers see ploy in surplus crop forecast by Pupul Chatterjee
Even as the state sugar commissionerate has predicted a surplus sugarcane crop this year, farmers have a different take. They allege that this is a “ploy by co-operatives and the commissionerate” so that defunct sugar mills can be started again. Also, sugar prices are likely to see a sharp fall in the wake of the forecast. As per the official figures, Maharashtra is likely to produce around 8.5 million tonnes of...
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