The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
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PDS foodgrain stock allocated to UP by Swati Mathur
The ministry of consumer affairs and public distribution has allocated of 5.28 lakh tonnes per month of wheat and rice to Uttar Pradesh for the fiscal year 2011-12. The assigned foodgrains have been made available to the department of food and civil supplies for distribution through the public distribution system (PDS). At present, UP has a total of 65.84 lakh below poverty line (BPL) and 40.94 lakh Antyodaya card holders. On...
More »States with poor off-take of special PDS food grains may lose quota by Gargi Parsai
States which do not lift their special allocation of food grains will lose their quota, warned Minister of State (Independent Charge) K.V. Thomas here on Wednesday. In his meeting with the Food Ministers of seven States, the Minister said the lifting of 15 million tonnes of specially allocated food grains since January was only 40 per cent in these States. “I have told the State representatives that if the lifting is...
More »The politics of foodgrain management by Himanshu
The empowered group of ministers (eGoM) recently decided on two important steps seen crucial for management of foodgrains. The first was the finalization of the National Food Security Act (NFSA) and, secondly, extending the term of the Nandan Nilekani committee to explore the possibility of introducing cash transfers for delivering food subsidy directly to the poor. Another linked decision was to allow exports of wheat and rice to international markets. The...
More »Global food inflation to return after brief respite
-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
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