-The Times of India Stocking up of foodgrains by the government could be one of the major factors for the continuing surge in food prices, warn experts. Latest wholesale price data available on the industry department's website shows that wheat prices are up almost 20% in October compared to a year ago. That's at a time when the government is holding stocks of 42 million tonnes — three times the buffer stock...
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A futures shock from FCI-Devinder Sharma
-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...
More »Release foodgrains from godowns: Bhojan Yatra activists
-The Hindu On Tuesday, Bhojan Yatra, a campaign demanding a comprehensive food security bill, reached here after travelling through Bihar, Chhattisgarh and West Bengal. In a rally, organised from Bistupur to Ram Mandir maidan, Right to Food (RTF) activists demanded that the proposed National Food Security Bill (NFSB) give universal access to food instead of capping it at 67 per cent of the population. They demanded that 8.2 crore metric tonnes of food...
More »Govt to Sell Pulses, Cooking Oil at Cheaper Rate Via PDS
-Outlook To protect BPL families from possible price rise, the Cabinet Committee on Economic Affairs (CCEA) today gave its approval for selling imported pulses and edible oil at subsidised rates through ration shops. The CCEA also approved an outlay of Rs 884 crore for computerisation of public distribution system (PDS) that is aimed at, among other things, elimination of bogus ration cards. Announcing the decisions, Finance Minister P Chidambaram said, "The CCEA today...
More »A Bill that asks too much of the poor-Jean Drèze & Reetika Khera
-The Hindu Instead of rigid targeting, the government must build on the success of the public distribution system which is quietly becoming a significant means of social support In earlier writings, we have drawn attention to the quiet revival of the public distribution system (PDS) in many States during the last few years. Market prices of PDS commodities — mainly rice and wheat — have sharply increased, giving people a much greater...
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