Systemic Failure * Despite record procurement, poor storage has led to a criminal waste of grain * 61,000 tonnes of grain rotted as it was left in the open during the monsoon * The FCI had shut down storage facilities after low procurement in 2006-07 * The plan for decentralised storage facilities is 40 years old. It’s still hanging fire. * EGoM did not clear the surplus grains for the PDS since it would have...
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The banking woes of an “excluded” community by Vidya Subrahmaniam
Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...
More »FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...
More »Detracting from entitlements by Brinda Karat
The National Advisory Council's proposals on the Food Security Bill represent a bad deal for the poor. The struggle for an effective and equitable Food Security Bill (FSB) has received a setback with the disappointing proposals put forward by the National Advisory Council. There is a disturbing disjuncture between what is being claimed and the actual implications of the proposals. Indeed it may be said that the NAC proposals create new...
More »Instead of feeding the poor, India lets grain rot by Samar Halarnkar & Manpreet Randhawa
A day after the Prime Minister urged a quick start to a national food security network, it has emerged that his government may let foodgrain —enough to feed 140 million poor people for a month—decay, instead of spending money and effort distributing it to the poor. Warning of an “emergency situation”, a person familiar with the situation told the Hindustan Times that 17.8 million tonnes of wheat and rice are being...
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