The government on Tuesday approved a short-term loan of Rs 5,000 crore for Food Corporation of India (FCI), which will help the organisation meet its working capital requirements this fiscal. The proposal was cleared in the meeting of the Cabinet Committee on Economic Affairs (CCEA) held here. "The CCEA today approved a short-term loan of Rs 5,000 crore to the FCI for 2010-11," an official statement said. FCI, the nodal agency for...
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Water shortage worries farmers
Most farmers are worrying over the sudden shortage of water supply to the paddy crop which is currently being grown over 10 lakh acres in the Godavari districts, which accounts for the bulk of the rice procured in the state by the Food Corporation of India (FCI). Some farmers even staged a protest against water scarcity in West Godavari on Sunday. Farmers’ leaders alleged that shortage of water mostly affected...
More »FCI paid Rs 4.27 cr extra to govt for gunny bags, says audit report by Raakhi Jagga
The Food Corporation of India (FCI) paid additional Rs 4.27 crore to the state government in 2008-09 and 2009-10 towards gunny bags for procurement of paddy. This has been revealed in the latest audit report procured by the Council of RTI Activists through the Right to Information (RTI) Act. Council president Rohit Sabharwal and general secretary Arvind Sharma said though the audit department had asked the FCI to get this payment...
More »Problem of plenty
With buffer stocks ahead of harvest being twice the norm, limiting wheat procurement in the coming season is a judicious option. It is time for a thorough overhaul of the foodgrains procurement and buffer stocking policy. With the rabi season harvest of grains — mainly wheat, followed by paddy — just days away, a major challenge will be finding appropriate storage space. As of March 1, the Food Corporation of India...
More »The Mirage of Food Security by Tejinder Narang
It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...
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