The Supreme Court Friday asked the central government why foodgrains it had procured but could not preserve because of inadequate storage capacity could not be given to the poor. "Procurement of adequate foodgrains is essential to provide food security and to protect the interest of the farmers. All through our anxiety has been that the procured foodgrains be properly preserved," said the bench of Justice Dalveer Bhandari and Justice Deepak Verma. However,...

The National Advisory Council (NAC) recommendation to guarantee foodgrain to two-thirds of the country’s population could bloat the government’s food subsidy spend by 26 per cent to over Rs 72,000 crore — equivalent to over 1 per cent of the gross domestic product. The foodgrain guarantee is part of the proposed National Food Security Bill. This is a conservative figure, compared with the Rs 78,000 crore estimated by Deutsche Bank in...

The National Advisory Council (NAC), which recently approved subsidised food for 75 per cent of population, has entrusted the task of drafting the Food Security Bill with a Working Group on food security for the consideration of the Council meeting, slated for November 26. The NAC working committee, while finalising the details of the Bill, will also look into proposals for introducing some reforms in the PDS system to efficiently carry...

While the Sonia Gandhi-led National Advisory Council's proposal on enhanced food security hinges on higher procurement and increased reliance on the public distribution system, there is a strong view in the government that overworking a creaking system is a bad idea. In a paper circulated within the government, chief economic adviser to the finance ministry Kaushik Basu has argued that what is needed for food security to work is a reduced...

While the National Advisory Council (NAC), Planning Commission and the Prime Minister Office are grappling over the proposed National Food Security Bill, the government has been steadily increasing allocation under the Targetted Public Distribution System (TPDS) during last many years. According to Siraj Hussain, chairman and managing director, Food Corporation of India (FCI), with the rise in procurement of wheat and rice by the corporation during last few years, more and...