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Indian farmers benefit from a sharp increase in exports; government cuts procurement for welfare programmes - PK Krishnakumar

-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...

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Statistics of poverty suffer from the country’s poverty of statistics -Himanshu

-Livemint.com India’s lack of official data for estimates could impair policy formulation and thus hurt the economy Two different sets of poverty estimates for India were released recently. One of the papers was authored by Surjit Bhalla, Karan Bhasin, and Arvind Virmani and the second by Sutirtha Roy and Roy Weide, both affiliated to the World Bank. Both presented estimates for roughly the same period, after 2011-12, but ended up at starkly...

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'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win and Margot Gibbs

-TheWire.in An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour.  New Delhi/London/Rome: Food prices have climbed to unprecedented levels in recent months, adding to an already precarious food security situation in large parts of the developing world. Nearly 200 million people already faced acute food insecurity in 2021, almost double the figure from 2016, according to a United Nations report released Wednesday.   The report blamed the...

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A Tale of Trade-offs: The Anatomy of the Direct Benefit Transfers System -Aarushi Gupta and Siraj Hussain

-TheWire.in While the system was rightly designed to eliminate ghost beneficiaries, the impact of exclusion errors needs to be professionally and independently evaluated in detail. The direct benefit transfer (DBT) system has come to dominate the discourse on public service delivery in India. The existing rhetoric around its efficacy being one of anti-corruption, cost efficiency, and elimination of middlemen. Payments under DBT are made to low-income households using an elaborate, digitised system...

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Centre cuts wheat allocation for 12 States under PMGKAY -Prabhudatta Mishra

-The Hindu Business Line Says shift to rice will help mitigate scarcity-like situation amid dip in wheat procurement The Centre has revised allocation of rice and wheat for 12 States under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) by asking Uttar Pradesh, Bihar, Tamil Nadu and Kerala to shift to rice for their entire grain requirement. For others, the reduction in the quantity of wheat will be compensated with the same amount...

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