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Grain stocking policy needs prompt overhaul

-The Economic Times It is scandalous that inflation in cereals remains above 17 per cent even as food grain stocks with the Centre are close to 80 million tonnes. The Committee on Agricultural Costs and Prices (CACP) paper estimates that the buffer stocking requirement would go up, thanks to the Food Security law, but not higher than 41.5 million as of July 1. The rest is excess. The government must sell off...

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Rains, incomes & food: Good monsoon this year is bad news for India -Himangshu Watts

-The Economic Times The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action. With food demand rising in step with the growing...

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Cheap rice won't make people lazy, CM Siddaramaiah says -Naheed Ataulla

-The Times of India BANGALORE: Rice is all set to change Karnataka politically. The Congress's rice-atone-rupee scheme will come alive at 10am on Wednesday when chief minister Siddaramaiah symbolically offers the foodgrain to the people. The scheme, christened Anna Bhagya, will offer 30 kilos of rice at Re 1 a kilo to 8.7 million BPL (below poverty line) families in the state. The first big public splash after the Congress's return to...

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BPL rice bowls to overflow from July 10

-The Hindu Congress government's Re.1-a-kg Anna Bhagya scheme is being launched in all districts Bangalore: The Congress government is all set to roll out its most ambitious programme of providing 30 kg of rice a month to below poverty line (BPL) families at Re. 1 a kg from Wednesday. Chief Minister Siddaramaiah will launch the Anna Bhagya scheme at Freedom Park at 11 a.m., in the presence of Minister of State for Food...

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Food bill not to hurt coffers

-The Telegraph Mumbai: The immediate fiscal impact of the food security programme is going to be manageable. Since implementation of the scheme across India will take time, the cost burden for the programme in fiscal year 2013-14, in addition to the budgeted food subsidy of Rs 90,000 crore, has been estimated by Edelweiss Research at Rs 10,000 crore. This is roughly 0.1 per cent of the gross domestic product (GDP). But once the...

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