-Down to Earth Fair price shop dealers to get incentive for use of point of sale (PoS) devices The Centre has decided to share up to 50 per cent of the intra-state transportation and handling costs of foodgrains with states under the National Food Security Act (NFSA), 2013. NFSA guarantees cheap foodgrains to two-thirds of the Indian population. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday...
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Approval of Phase-V of Unique Identification project
-Press Information Bureau/ Cabinet Committee on Economic Affairs (CCEA) The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today gave its approval for Phase-V of the Unique Identification (UID) scheme for undertaking enrolments in the four States of Uttar Pradesh, Bihar, Chhattisgarh and Uttarakhand. With this, the Unique Identification Authority of India (UIDAI) has been given the target of generation of 100 crore Aadhaars by 2015....
More »Data in: hoarding fears hyped, price-rise problem is seasonal -Anil Sasi
-The Indian Express For tomato, however, the difference jumped from 4 per cent on July 8 to 100 per cent on August 8. A month after the central government brought onions and potatoes under the Essential Commodities Act, 1955, and empowered states to put stockholding limits on these vegetables to rein in hoarders, the difference between their wholesale and retail prices has not reduced. And in the case of other kitchen staples such...
More »CCEA okays sale of 10 mn tonne of wheat in open market
-PTI Move expected to boost domestic supply, check prices The government today approved sale of 10 million tonne of wheat from FCI stock in the open market in order to boost domestic supply and check prices. A decision in this regard was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi. "The CCEA has cleared sale of about 10 million tonne of wheat via the...
More »Why FCI needs professionals to sell its foodgrains -Tejinder Narang
-The Hindu Business Line The primary mandate of the Food Corporation of India (FCI) acting under directions of Food Ministry is to service requirements of the public distribution system (PDS) in association with State Government Agencies (SGAs). But over the years, FCI has also been called upon to intervene in managing market prices, albeit with little success. FCI efficiently procures wheat, paddy/milled rice but faces odds while selling surplus grains in the...
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