Government sat on grain stocks while food prices shot up   In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...

Stocks exceed the buffer norm despite dip in production ‘FCI machinery should be geared up’ The Union government on Wednesday ruled out the likelihood of rice imports on its account, as stocks were more than the buffer norm despite an expected dip in production due to drought in the kharif season. Speaking to journalists on the sidelines of the annual general meeting of the Indian Council of Agriculture Research, Union Agriculture and Food...

**page** [inside]KEY TRENDS of the Union Budget 2023-24[/inside] Budget 2023-24 is the last full budget before the general election scheduled for 2024. An analysis of the budget allocations suggests that the union government has squeezed expenditure, particularly on food subsidy and the NREGA budget, while boosting Capital expenditure and giving the middle class tax benefits. Social sector activists working on Right to Food, the National Rural Employment Guarantee Act (NREGA) came out with...

KEY TRENDS   • During 2014-15, while procurement of foodgrains (rice and wheat) increased from 56.9 million tonnes to 60.2 million tonnes, offtake of foodgrains (rice and wheat) from the PDS decreased from 59.8 million tonnes to 55.9 million tonnes. Despite increased availability in the PDS and prevalence of high inflation in foodgrains, dependence on the PDS is reducing, suggesting that there may be issues of availability, timely availability and quality of the PDS foodgrains...

‘No mechanism to protect the poor’ IN a period characterised by all-round price rise, the issue of food security assumes extreme significance, especially for the rural and urban poor. At a time when the need for a universal public distribution system is increasingly felt, the government’s categorisation of a very small percentage of the people as being below the poverty line and eligible for rations has invited a lot of...