Every passing day makes it clear that the proposed food security law may not come by for a while. One report quoting the Planning Commission even suggested that it can be expected only in 2012. This Twelfth Plan (2012-17) launch has support from the concerned dual Ministry of Agriculture as well as Food, Consumer Affairs and Public Distribution. In that eventuality it does mean a surge in food insecurity.A dispassionate...
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Asia struggles to boost food output as inflation bites by Naveen Thukral
Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
More »Strong agri output to support GDP growth by Surojit Gupta
The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of...
More »Towards a Comprehensive Food Security Bill for All by Dipa Sinha
The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition. There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...
More »New CPI to be based on state stats by Rishi Shah
The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...
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