According to the third advance estimate, India’s foodgrain production in the current farm year (to end in June 2011) will be a record 235.88 million tonnes, including an all-time high Wheat output of 84.27 million tonnes against 81.47 million tonnes projected earlier. Ahead of the Wheat harvest, the country had buffer foodgrain stock of 47 million tonnes at the start of 2011 in the central pool. A buffer close to double...
More »SEARCH RESULT
GoM may moot dual system of food subsidy by Sanjeeb Mukherjee
Ahead of a crucial meeting, on the coming Monday, of a group of ministers to finalise the Food Security Bill, a consensus is emerging on a dual system of subsidy. This is that families below the poverty line (BPL) be given food subsidy through direct cash transfer. And, those above the poverty line (APL) be distributed foodgrains at a level equal to the minimum support price (MSP) offered to farmers, which...
More »Record food production in 2010-11
Exceeding 235 million tonnes, it has been the highest since Independence India's food production crossed 235 million tonnes during 2010-11 as per the latest estimates and this is the highest since Independence, S. Ayyappan, Director-General of the Indian Council of Agricultural Research, said on Saturday. The previous highest production, at nearly 233 million tonnes, was achieved in 2008-09, while the output declined to around 218 million tonnes during 2009-10, he said interacting...
More »Food inflation up at 8.74%; fruits, meat costlier
India's food inflation nudged up after three successive weeks of decline to 8.74 per cent for the week ended April 9 compared to 8.28 per cent recorded in the previous week as fruits, meat and poultry products became costlier, official data showed on Thursday. Limited data on the wholesale price index released by the commerce and industry ministry also showed a rise in the index for primary articles, from 11.4 per...
More »Bonus turns bane for MP's farmers by Rukmini Shrinivasan
As Madhya Pradesh begins to harvest a bumper Wheat crop, the state is finding that measures put in place to ensure that the powerful do not game the system are having the unintended effect of keeping out the most marginalised. In anticipation of a bumper harvest, the MP government announced a Rs 100 bonus that it would pay Wheat farmers above the central government-fixed Minimum Support Price of Rs 1,120. "It...
More »