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Cash vs kind -Rohini Somanathan and Anders Kjelsrud

-The Indian Express Given indicators that the government is considering moving to cash transfers and replacing the public distribution system (PDS), and the release of the Shanta Kumar Committee report, the debate on how best to provide food security has been rekindled. The report has a careful analysis of the sources of inefficiency at various stages of the procurement, storage and distribution system. Especially heartening is the admission that the Food...

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Pact binds RBI to inflation target -Puja Mehra

-The Hindu Will try to bring figure down to 6% by Jan. 2016 The Centre and the Reserve Bank of India signed an agreement last month under which the central bank will prioritise controlling price rise above the other objectives of the monetary policy - interest rates and the foreign exchange rate. The agreement formalised a policy the Reserve Bank had been following since January 2014, which is a significant development in monetary...

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A flawed approach to food security -Deepankar Basu & Debarshi Das

-The Hindu With India continuing to be plagued by malnutrition, it is foolhardy to use the changed food production situation in the domestic economy as a reason for dismantling the FCI Within months of assuming office, the BJP-led National Democratic Alliance government set up a High Level Committee (HLC) in August 2014 to restructure, reorient and reform the Food Corporation of India (FCI). The eight-member HLC was chaired by senior BJP leader,...

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Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay

-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...

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World cereal production set to reach historic high in 2013 –UN food agency

-The United Nations Global cereal production is expected to increase by 7 per cent in 2013 compared to last year, the United Nations food agency said today, but warned that in spite of a boost in supply, various regions including Central Africa, West Africa and Syria are still affected by food insecurity. In its Crop Prospects and Food Situation report, the Food and Agriculture Organization (FAO) forecasts that cereal production this year...

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