-Live Mint Exporting one's way out of the surplus is a losing proposition as global prices have fallen rapidly in the past few weeks India held 77.5 million tonnes (mt) of food stocks in its central pool on 1 May. These stocks had reached a record high of 82.4 mt on 1 June 2012, and that level could be crossed if wheat procurement this May is similar to the procurement a...
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CAG, food security and good sense -Tejinder Narang
-The Hindu Business Line A new CAG report offers valuable insights into the likely implications of implementing the proposed food security law. The National Food Security Bill (NFSB) couldn't be passed in the Parliament session that ended last week, despite a spirited promotional pitch by its proponents - including Nobel Laureate Amartya Sen. Last week also saw the Comptroller and Auditor General of India (CAG) table its report on "Performance Audit of...
More »Cash transfers are bad for food security-Madhavi Cherian
-The Hindu India's hard won gains in achieving food security are in danger of being undermined by a clause in the National Food Security Bill that encourages States to adopt cash transfers in lieu of food entitlements under the Public Distribution System (PDS). Supporting this view, a recent report by the Commission for Agricultural Costs and Prices (CACP) concluded that the provision of food subsidies in the form of cash would...
More »Whither the food security law?-Himanshu
-Live Mint The failure of the UPA government to get the food security Bill passed has exposed its hypocrisy With the budget session of Parliament coming to an early close amid a political logjam, the food security Bill has been stalled again. The blame for this important legislation not winning parliamentary passage in the last four years rests entirely on the Manmohan Singh government, despite its last-minute posturing. The Bill, which was cleared...
More »Blame Govt for high wheat prices -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...
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