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...

-IANS   Eminent agriculture scientist and a member of the Sonia Gandhi-led National Advisory Council (NAC), M.S. Swaminathan, has cautioned against the government's plan to replace subsidised food with cash under the proposed National Food Security Act (NFSA). "The government's plan to replace subsidised ration with cash under the public distribution system (PDS) is faulty. It will lead to low procurement and less production subsequently. This will be bad for Indian agriculture," Swaminathan...

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,...