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Release of foodgrain could inflate subsidy bill by Rs 20-25K crore-Rajeev Deshpande

With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...

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Every grain of wheat will be purchased from farmers: Madhya Pradesh Chief Minister Shivraj Singh Chouhan

-PTI Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said that every single grain of wheat would be purchased from the farmers in the state under the wheat procurement process.  The farmers should maintain calm without getting misled by any wrong propaganda, the Chief Minister said adding that the remaining farmers will be registered within three days and the wheat would be purchased from them.  Chouhan said this while addressing the commissioners and...

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Food ministry faces a problem of plenty now-Rituraj Tiwari

As news of record food grain production trickled from the corridors of the agriculture ministry, officials of the storage wing in the adjoining food ministry began working overtime to save the department the embarrassment of plenty. Food minister KV Thomas is under pressure to ensure that the toil of farmers is not wasted. "It's my duty to make sure that food grains don't rot. We are on our way to create...

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Thomas insists on giving grain as NREGS wage-Sandip Das

Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas  on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...

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Brace for price rise, kharif MSP may be raised up to 30%-Rituraj Tiwari

Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...

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