Furious debates among policymakers about the proposed national food security law largely revolve around its financial repercussions. The Planning Commission is finally coming around to accepting the Tendulkar Committee’s estimates of 37.2 per cent BPL population or 8.5 crore BPL households. The fiscal burden in implementing the food security law for 37.5 per cent BPL population, with each household being provided 35 kg food grains, is estimated to be Rs...
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Govt raises monsoon forecast by Ruchira Singh and Mayank Bhardwaj
India’s annual monsoon rains, key to farm output and economic growth, are expected to be better than previously forecast, raising prospects of good harvests and possibly helping to cool double digit food inflation. The monsoon rains, which deliver 75-90% of the country’s rainfall, were expected at 102% of the long-term average, government officials said on Friday, raising an earlier forecast of 98%. Bountiful rains despite slow progress of the June-September monsoon will...
More »Organic wheat farming receives govt backing, attracts growers by Charanjit Ahuja
Over 11,000 acres of land has been brought under organic farming in Punjab and Haryana under a scheme sponsored by the Union Government. While 6,050 acres has so far come under organic farming in Punjab, Haryana too is not lagging behind as 5,000 acre has been brought under organic farming. To promote organic farming in Punjab and Haryana, farmers are being provided technological inputs including training and farm-level advisory services according...
More »Wheat stocks, storage crunch give FCI sleepless nights by Komal Amit Gera
At a time the country is facing high food inflation, its bread basket is sitting on colossal wheat stocks. The stocks, to the tune of 12 million tonnes, lying in godowns and open spaces in Punjab are giving sleepless nights to the Food Corporation of India (FCI). About 800,000 tonnes wheat moves out of Punjab in a month. Based on these figures, the state can clear about five million tonnes wheat...
More »Centre to release 5 million tonnes of wheat in open market next month by Gargi Parsai
Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...
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