-The Times of India How much would it cost the central government to provide grain to the whole country at affordable prices? A calculation by the Delhi-based advocacy group Centre for Budget & Governance Accountability (CBGA) puts the figure at Rs 2,38,471 crore for one year. In the current financial year (2012-13), the Centre spent Rs 75,366 crore on the food subsidy, that is, about 0.74% of the gross domestic product....
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Abandoning the Right to Food-Ankita Aggarwal and Harsh Mander
-Economic and Political Weekly The proposed legislation on the National Food Security Act has been steadily watered down since it was fi rst mooted in 2009. The Parliamentary Standing Committee that examined the 2011 Bill has disappointingly continued with "targeting". If the government passes the bill incorporating the committee's suggestions, a historic opportunity to combat hunger and malnutrition would be lost. Ankita Aggarwal (aggarwal.ankita87@gmail.com) is a Research Scholar at the Centre for...
More »Runaway food prices highlight the need to unshackle the farm sector
-The Times of India Why isn't aam admi smiling? The question's relevant, since some cheer's apparent in government circles over wholesale price index-based inflation falling to 6.62% in January. Headline inflation, it's said, will drop further by March-end. To common people, the WPI inflation figure's a meaningless number. If WPI inflation's dipped a fourth successive month, food prices have been riding high for far longer. Policymakers periodically recommend release of foodgrains from...
More »Budget 2013: Agriculture Ministry seeks more fund allocation to push output
-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...
More »Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
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