Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...
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CCI imposes Rs 317cr fine on 3 firms for collusive bidding
-PTI Competition watchdog CCI has imposed Rs 317 crore in penalties on three companies, including agro-chemicals major United Phosphorus, for collusive bidding to supply ALP tablets to Food Corporation of India (FCI). The aluminium phosphide (ALP) tablet manufacturers -- United Phosphorus, Excel Crop Care, and Sandhya Organics -- have been fined 9 per cent of the their three years' average profits. ALP tablets are used by the FCI for preserving its central pool...
More »Moving Backwards
-The Financial Express Food minister KV Thomas’ proposal of giving grain as part payment of wages under the MGNREGA stands to undo most of the progress the government has made in trying to curb leakages in distribution of subsidies. While close to half of food to be given through ration shops is believed to be making its way to the open market, the UIDAI-based system’s attempt is to give cash grants...
More »Brace for price rise, kharif MSP may be raised up to 30%-Rituraj Tiwari
Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...
More »Govt's foodgrains inventory up 21 pc as of April 1
-PTI The government's foodgrains stock rose by 21 per cent to 53.4 million tonnes as of April 1 from 44.3 million tonnes the year-ago period, according to the Food Corporation of India (FCI). Wheat inventory jumped to 19.95 million tonnes from 15.4 million tonnes a year earlier, the FCI said on its website. Similarly, rice stock rose to 33.35 million tonnes from 28.82 million tonnes the year-ago period, it said. Wheat and rice reserves...
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