-PTI Faced with acute shortage of storage capacity, the Centre today asked states to lift PDS foodgrains needed for at least six months and build intermediate godowns to ease pressure on Food Corporation of India godowns. "We have requested state governments to offtake at least six months of foodgrains needed for PDS. Our storage capacity of FCI is 64 million tonnes and our present stock is about 82-83 million tonnes," Minister of...

-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...

-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...

A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...

Giving right to food is not enough to deliver food, say speakers at a conference on food security Agriculture scientist M S Swaminathan has called for setting up a body headed by the prime minister for effective execution of the National Food Security Bill (NFSB) once it is enacted. All chief ministers should be members of this board, he added. NFSB was cleared by the Union Cabinet and introduced in Parliament in...