Sugar millers are cancelling import contracts due to a drop in domestic prices and are unlikely to sign new deals on expectations of a surge in local output, a top industry official told Reuters. The contracts had been signed late last year and early this year when domestic sugar prices rose to a record and the production outlook was lower. Since then the price has fallen by a third and the...
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A universe of problems by T Nandakumar
A demand to reintroduce a universal Public Distribution System (PDS) in the country appears every now and then. Its proponents argue that universal access is necessary for ensuring food security, for better control on prices and for eliminating (at least partially) the evils of exclusion errors in the targeted PDS. The question is: what are the operational implications of access for all citizens to subsidised foodgrain? They are currently allocated as...
More »Union Ministry To Provide Diesel Subsidy To Farmers
The United Progressive Allianace (UPA) government at the Centre has asked the Union Agriculture Ministry to provide diesel subsidy to farmers along with the Minimum Support Price (MSP). Minister of State for Petroleum Jitin Prasada announcing the new method said, now the government wants to provide compensation to farmers on diesel along with the MSP. Mr Prasada asked his ministry to consider making a provision for the increased price of diesel, while...
More »Shiva: Wrong Policies Behind Food Insecurity by Amit Agnihotri
Wrong policies of the government have been responsible for the prevalent food insecurity in the country, alleged activists. They also said the proposed National Food Security Act ignores the root causes of hunger and it deliberately leaves untouched the structural roots of the malnutrition crisis. Releasing a report on India’s food security scenario and the reasons behind it on Tuesday activist Vandana Shiva said following Mahatma Gandhi’s teachings on self-reliance together...
More »Rs 14000cr Maoist balm
The Planning Commission today decided in favour of pumping nearly Rs 14,000 crore into social and physical infrastructure building in some 35 Maoist-hit districts. The plan, formulated at the request of finance minister Pranab Mukherjee, will focus on the National Rural Employment Guarantee Programme, rural roads, health, rural electricity, universal elementary education, child nutrition and health and new residential schools called ashram schools. Later this month, the action plan will be placed...
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