The United Progressive Alliance (UPA) government loves committees. Have problem, will deliberate, seems to be the government’s motto. So, it is not surprising that the chief ministers’ conference on price rise ended with yet another committee being appointed, this time on the overhaul of the public distribution system (PDS). This despite the fact that the recent surge in prices had nothing to do with the absence of a universal PDS...
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Ensuring Food Security by Sant Bahadur
With a large number of people living on subsistence level of income, the government has to safeguard their interest by ensuring availability of food grains at an affordable price. Success of any policy or programme to this effect depends on growth in agriculture production and procurement of wheat and rice, the main staple foodgrains. Though the performance of agriculture has not been uniform throughout and its growth rate has varied...
More »Co-ops. to sell subsidised rice, wheat
In an attempt to control the rising prices of rice and wheat, the State Government has decided to sell them at Rs. 17 and Rs. 14.70 a kg, respectively, through its cooperative societies. Minister for Food and Civil Supplies H. Halappa told presspersons here on Wednesday that each family coming under above or below poverty line categories was eligible to purchase 25 kg of these commodities at a time. Identity cards...
More »Govt gets cracking on curbing prices
Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....
More »Whose inflation is it anyway? by Ruhi Kandhari
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...
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