-The Economic Times The Food Security Bill cleared by the Cabinet is likely to hurt the poor more than it helps them. India already has 54.7 million tonnes of rice and wheat lying as stocks with the Centre and the states, 29.7 million tonnes of grain in excess of the buffer stocking norm. Offtake of rice in the current fiscal year has been 74% of the allotment, and that of wheat,...
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New green revolution: Producer companies help farmers reap profits by Nidhi Nath Srinivas
Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns. By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...
More »Modi-led panel of CMs had suggested organized retail in report to PM
-The Times of India Promotion of organized retail and contract farming to improve farm production and modernize the agriculture supply chain as well as direct marketing initiatives are among the highlights of the report on consumer affairs prepared by a group of chief ministers chaired by Gujarat CM Narendra Modi. In a report submitted to Prime Minister Manmohan Singh in March, the committee headed by Modi prioritized reducing farm gate to retail...
More »FDI row: Desperate finance minister, helpless party by Sheela Bhatt
Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...
More »Manipur government has to wrest authority back from armed thugs by Abheek Barman
Here in Delhi, you can buy a litre of petrol for a little less than Rs 69. A cylinder of cooking gas costsRs 405. But there's one state capital where petrol costs Rs 200 a litre and gas a staggeringRs 2,000 a cylinder. That city is Imphal, the capital of our easternmost state, Manipur. Since August 1, the state has been hostage to a withering siege: a blockage of two...
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