There is no provision for the proposed National Food Security Bill in the budget proposals for 2011-12. The Bill will necessarily enhance the food subsidy as wheat and rice are to be made available at Rs.2 and Rs.3 a kg to the beneficiaries, but the budget does not reflect this. Finance Minister Pranab Mukherjee did make an announcement about bringing to Parliament the Bill “during the course of this year” but did...
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Spike in food inflation a cause for concern, says Survey by Gargi Parsai
The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...
More »Survey silent on Food Security Bill by Gargi Parsai
The Economic Survey has been silent on the proposed National Food Security Bill and the projections of foodgrains needed to provide food security to citizens. The chapter on Agriculture and Food Management talks of supply-side constraints, the need to feed a growing population, the procurement and off take of foodgrains, buffer stocks of foodgrains, food subsidy, the targeted public distribution system (TPDS), and the central issue price (CIP) of foodgrains, but...
More »Bird flu strikes Agartala duck farm by Gargi Parsai
Bird flu has struck the country again. This time in the State Duck Breeding Farm in Agartala that has been ordered to cull all poultry within a radius of 3 km of the farm. The State will also impose a ban on movement of poultry and its products and order closure of all poultry egg market and outlets within a radius of 10 km. With this incidence, India has lost the...
More »Foodgrains output will be marginally lower than best by Gargi Parsai
With higher sowing of wheat, pulses, sugarcane, cotton and oilseeds reported this rabi season, there are expectations of a bumper crop production this year. The total food grains output is expected to be 232.07 million tonnes, which is only marginally lower than the record production of 234.47 million tonnes in 2008-09. Announcing the second advance estimates of food grains production for the 2010-11 crop year last week, Union Agriculture Minister Sharad Pawar...
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