-The Financial Express From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level committee to recommend measures for restructuring the Food Corporation of India (FCI), the government has taken various steps for cutting down food subsidy and curbing further spike in agricultural commodity prices. From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level...
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Global food prices rise in October after falling for 5 months
-PTI NEW DELHI: Global food prices increased in October after declining for last five months, according to the the UN body Food and Agriculture Organisation (FAO). Last month's small rise in prices was largely driven by a surge in sugar prices, although prices of the other commodity groups were also up, it said in a statement. The FAO price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat...
More »Supreme Court asks state govts to curb sale of adulterated milk
-PTI NEW DELHI: The Supreme Court on Tuesday expressed concern over the sale of adulterated milk in the country, saying it is a serious issue and action needs to be taken by the state governments to curb it. "It is a very serious issue. There is no doubt that it is happening all over the country. What action is being taken by the government?" a bench of justices K S Radhakrishnan and...
More »'68 % Milk in Country Non-Conforming to FSSAI Standard'
-Outlook Over 68 per cent of milk in the country does not conform to the standards set by the Food Safety and Standards Authority of India (FSSAI), the Centre has told the Supreme Court on a plea for checking sale of synthetic and adulterated milk and various dairy products. The submission has been made by the Centre in its affidavit which referred to a survey conducted by the FSSAI, which had found...
More »A dangerous intervention
-The Business Standard Skimmed Milk Powder 'buffer' might raise prices The government’s proposal that a buffer stock of Skimmed Milk Powder (SMP) be created in order to minimise volatility in milk prices is so unsound a proposition that it should be shelved. The proposal, sent to the inter-ministerial group on inflation by the food ministry, involves keeping a reserve stock of SMP with milk-processing units by offering them a handsome subsidy. The...
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