The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...
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Record output of foodgrains estimated; may dampen prices by Ruchira Singh
The government’s latest estimates show that foodgrain production in the crop year 2010-11 rose sharply by 10.75% to a record 241.56 million tonnes (mt), a move that could potentially have a dampening effect on inflationary expectations. The impressive increase led by wheat, maize and pulses is revealed in the final estimates for 2010-11, and is partially explained by the fact that 2009-10 was a drought year. The crop year extends from July...
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »India won't consider EU's demand on duty-free wheat import
-PTI To protect farmers' interests, India has made it clear to EU that duty-free imports of wheat, barley, lemons, apples, pears and meslin flour will not be allowed under the proposed free trade agreement (FTA). "The EU has asked for duty elimination on wheat, barely, apple, pear, lemon and meslin flour. We have clearly explained to them that India cannot offer concessions on any of these products," a senior Agriculture Ministry...
More »Food Security: Messy Jam, But Here’s a Map by Ashok Gulati
Ensuring food security to all is one of India’s top policy agendas today. Given a large mass of poverty in the country, it is not surprising and no one would perhaps disagree with the need to achieve this as soon as possible. But the varied policy instruments that can be used towards achieving this goal draw sharp differences among the stakeholders. What is food security? The World Food Summit of 1996...
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