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Imbalances in India’s cereal economy need more than a short-term fix -Jean Dreze

-The Indian Express The need of the hour is to expand distribution under the PDS. Failing that, the country is heading towards another round of wasteful stock accumulation even as poor people struggle to feed their families. The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the...

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Why Are People Going Hungry if India Has Surplus Foodgrain Stocks? -Prabhat Patnaik

-Newsclick.in A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands. The Indian intelligentsia has an incredible propensity to swallow the self-serving arguments of metropolitan capitalism that are typically supposed to constitute ‘economic wisdom’. And nowhere is this more evident than in the case of India’s food economy. There...

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Covid-time demand helps whittle down FCI grain stocks -Harish Damodaran

-The Indian Express The gap between the current and year-ago stocks, too, has narrowed down from over 15 mt to 1.5 mt between June 1 and October 1. Covid-19 may have unleashed all-round economic devastation, but has also turned into an opportunity for whittling down the Food Corporation of India’s (FCI) massive grain mountain. At 68.49 million tonnes (mt), the total wheat and rice stocks in the Central pool as on October 1...

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Foodgrain Stocks fall marginally despite PMGKAY -Harish Damodaran

-The Indian Express For July 1, the normative minimum stocks to run the targeted public distribution system (TPDS) and other welfare schemes, plus maintain a strategic reserve over and above that, are 27.58 mt of wheat and 13.54 mt of rice. Despite efforts at disposing of surplus foodgrains – including by distributing these free under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and a special scheme for migrant labourers returning to...

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That Foodgrain Stocks lie in public godowns while people are going hungry is a scandal -Dipa Sinha

-The Indian Express What is disturbing is that in the middle of the current crisis some are now calling for a massive downsizing of the PDS and a shift to cash transfers in place of foodgrains. The Public Distribution System has played an important role in providing relief to people in the aftermath of the national lockdown. With COVID-19 cases increasing and the economy continuing to be in a downturn, some corrective...

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