Sonia Gandhi-led National Advisory Council (NAC) has reached a consensus on the final framework of the draft Food Security Bill that aimed to make legal entitlement of foodgrains to the poor. "We have reached a consensus on the final framework of the Food Security Bill," an NAC member said on condition of anonymity. The draft Bill is expected to be made public within 10 days. The NAC discussed its earlier recommendation of...
More »SEARCH RESULT
Govt raises APL foodgrain prices by over 40 per cent by Ravish Tiwari
In a major decision that is likely to add to the double-digit food inflation, the government has quietly raised foodgrain prices for Above Poverty Line (APL) families by over 40 per cent. The decision to this effect was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh on December 30. “The Committee considered the note dated 04/10/2010 from the Ministry of Consumer Affairs,...
More »Rural job scheme minimum wage revised, risking inflation spiral by Ruhi Tewari & Asit Ranjan Mishra
In a move that brings relief to the rural workforce, but risks creating an inflation spiral, the government on Thursday revised the minimum wages paid for its flagship job guarantee scheme by linking them to the Consumer Price Index for agricultural labour (CPI-AL) for each individual state. Such a price spiral, in case it actually emerges, could roil the electoral prospects of the Congress in the key contests to the state...
More »Centre releases extra foodgrains for PDS by Gargi Parsai
This allocation is in addition to 25 lakh tonnes of grains released for BPL population in August Ban on export of pulses and permission to import pulses at zero duty to continue till March 2012 The Centre on Tuesday announced an additional allocation of five million tonnes of wheat and rice to States for distribution to the Below Poverty Line (BPL) and Above Poverty Line (APL) beneficiaries through the Targeted Public Distribution...
More »2010: Watershed year for Indian agriculture
In more ways than one the calendar year 2010 would go down the memory lane as a watershed year for the food and agriculture front in the country which recorded unprecedented growth rate of 4.4 per cent in July-September quarter but by December unprecedented price hike of essential food items especially left consumers in tears. As the year comes to an end, an embattled government and the Union agriculture ministry stood...
More »