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Government says Rs 21,000 crore saved in LPG subsidy under DBT scheme

-The Times of India NEW DELHI: The government on Wednesday said that close to Rs 21,000 crore was saved in two years by directly transferring subsidy (DBT) to user bank accounts. The savings are largely from the elimination of fake/ghost/duplicate/inactive domestic LPG connections. Over 3.34 crore of these connections were done away with after the implementation of DBT. According to government calculations, 3.34 crore blocked consumers would have used up Rs 14,818.4...

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Pulses prices crisis: Another govt panel not a solution

-The Financial Express Just implement the CACP report on this Given how the prices of pulses have been in the Rs 150-200 per kg range in the last year, it is not surprising the government is trying to augment production—the measures include more imports and relooking the minimum support price (MSP) and assured procurement. What makes little sense, though, is setting up of another committee under chief economic advisor Arvind Subramanian to...

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Rise in food prices will stem demand, says FAO official -Vikas Vasudeva

-The Hindu The poor will find food unaffordable and will decrease consumption, says Shyam Khadka Though the demand for most food commodities in India is set to grow by 2025, it would at a slower rate as compared to 2005-15, according to UN’s Food and Agricultural Organization (FAO). A plausible factor is the rising food commodity prices whereby a small section of the population will find food unaffordable and thus decrease consumption. FAO...

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Feeling the pulses pinch -Ramesh Chand & Shambhavi Sharan

-The Hindu As cereal consumption comes down despite higher output, India needs to ramp up production of pulses to meet the nutritional requirements of the population. Since the onset of the Green Revolution in the late 1960s, India has been treading on a path towards self-sufficiency in food. The achievements have remained highly skewed towards wheat and rice on account of technological as well as policy support towards these two crops. With...

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Global food prices seen stagnating as population growth slows -Manisha Jha and Isis Almeida

-Livemint.com/ Bloomberg Global population growth, the main driver of demand increases, is declining, while income growth in emerging economies is projected to be weaker, say OECD and FAO London: Food prices will stagnate over the next decade as the population growth rate declines and income expansion in emerging economies slows. Food costs will stabilize at a level slightly higher than in the years before the 2007-08 price spike, the Organization for Economic...

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