A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...
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India opposition parties strike over high food prices
Communist and opposition parties in India are holding nationwide protests against rising food and fuel prices. The Communist-governed states of West Bengal, Tripura and Kerala are likely to be worst hit by the 12-hour strike called by the parties. Air and train services have been disrupted in West Bengal, and attendance in offices across the states is reported to be patchy. Food prices in India have risen by as much as...
More »Government's food subsidy bill likely to double by Sreelatha Menon
Various estimates of the extra cost to the government for an improved food security Bill are doing the rounds, but many agree the Union government’s proposed food subsidy bill would double. The proposed Bill offers 25 kg per family per month at Rs 3 a kg, to only families below the poverty line, or about 84 million households. Activists are insisting this be raised to 35 kg a family and to...
More »‘Calculate eligible BPL families for Rs. 3 a kg food grains' by Gargi Parsai
The Empowered Group of Ministers (EGoM) on Friday urged the Planning Commission to work out the number of Below Poverty Line (BPL) households and the households' size that would be eligible for Rs. 3 per kg discounted food grains under the proposed National Food Security Bill. The Tendulkar Committee report had placed the BPL percentage at 37.2 which, at 2005 population and household size, works out to about 7.14 crore households...
More »Directionless in Agriculture by Bharat Jhunjhunwala
The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...
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