The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the Finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

Decision comes in the wake of court's concern In the wake of the concern expressed by the Supreme Court at foodgrains rotting, the Union government on Thursday decided to release an additional 2.5 million tonnes of rice and wheat to the States for distribution to the poor under the Targeted Public Distribution System. The grain will be sold at Below the Poverty Line (BPL) rates in the next six months. It was also...

Decision comes in the wake of court's concern In the wake of the concern expressed by the Supreme Court at foodgrains rotting, the Union government on Thursday decided to release an additional 2.5 million tonnes of rice and wheat to the States for distribution to the poor under the Targeted Public Distribution System. The grain will be sold at Below the Poverty Line (BPL) rates in the next six months. It was also...

The Empowered Group of Ministers (EGOM) on food will meet tomorrow to discuss ways of implementing the Supreme Court order to distribute foodgrain ''free'' to the poor instead of letting it rot. "The EGOM on food is meeting tomorrow," Finance Minister Pranab Mukherjee told reporters on the sidelines of an insurance summit organised by Assocham in Mumbai. The EGOM will discuss various issues related to foodgrain stock including the Supreme Court''s...

Will earmark regions out of bounds for mining To identify areas of dense forest cover where mining will not be allowed Bid to avert delay of projects and their getting stalled on environmental grounds Seeking to adopt a holistic approach to the issue of mining and avoid a repeat of the Niyamgiri incident, the Mines Ministry will soon draw up a new policy that would clearly earmark regions that would be out of...