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Orissa cuts dependancy on FCI, targets 32 lakh tonne rice

The Orissa government has set a target of procuring 32 lakh tonne of rice this time despite bad weather, reducing dependance on the Food Corporation of India (FCI), official sources said today.The decision not to wholly depend on the FCI was taken at a cabinet meeting chaired by Chief Minister Naveen Patnaik here last night."As performance of FCI was not satisfactory in 2009, the state government decided to reduce target...

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FCI not to make direct payment to farmers

Commission agents to start procuring for Central agency from today Bowing to the pressure exerted by the powerful lobby of commission agents, the Food Corporation of India (FCI) has decided to withdraw its directive to make direct payment to farmers in Punjab, Haryana and Chandigarh. Union Agriculture and Food Minister Sharad Pawar, who was in Chandigarh on Monday, had a meeting with Punjab Chief Minister Parkash Singh Badal and Food and...

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Ideal time to export surplus food stocks, say economists by Devika Banerji

Blame stubborn procurement policy as the root of all evil. With the government sitting on heaps of foodgrain and with an acute shortage of quality storage facilities, analysts, some within the government, suggest exporting foodgrain and reviewing procurement policy. The suggestion is gaining ground among advisors and experts, given the current global situation, where wheat prices are on the rise on fears of subdued production in drought-hit countries like Russia, Uzbekistan and...

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Centre for auction of PAU-201 paddy by Komal Amit Gera

The Centre has asked Food Corporation of India (FCI) to procure PAU-201 paddy that conforms with its specifications and dispose of the rest in the open market through tenders. A decision on whether the PAU-201 paddy variety is fit for human consumption was raised at a high-level meeting between Agriculture Minister Sharad Pawar and Health Minister Ghulam Nabi Azad, recently. FCI officials in Punjab are giving final touches to the modalities to...

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Keynes-Hayek dilemma by KP Prabhakaran Nair

With more than 400 million Indians going to bed hungry each day, food security has become a crucial issue. On June 4 last year, the president made an announcement: “My government proposes to enact a new law — the National Food Security Act — that will provide statutory basis for a framework which assures food security for all. Every family below the poverty line in rural as well as urban...

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