-The Hindu Business Line India now has the technology to track leakages at each stage in the public distribution system The Government has set up the Expenditure Management Commission to rationalise subsidies, among other expenditure items in India. India incurs nearly one per cent of food subsidy annually, generally utilised under the existing public distribution system (PDS) consisting of Food Corporation of India (FCI) and nearly five lakh Fair Price Shops (FPSs)....
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Still parched
-The Indian Express The four-month monsoon season ended last week leaving a deficit of 12 per cent. The authorities have called it a below-normal monsoon and the worst in the past five years, but skim the data and the picture seems even more sobering. Nearly one-third of the 36 met divisions in the country have received deficient rainfall, with Haryana, Punjab and Uttar Pradesh - which are major agriculture regions -...
More »India's farm sops under lens at WTO -Sidhartha
-The Times of India NEW DELHI: The United States and Pakistan have questioned several of India's farm trade policies, including its land holding laws and the subsidy mechanism at the World Trade Organization, which is the latest assault being faced by the country after it raised the red flag over domestic support to farmers in Bali. Since the Bali ministerial meeting last December, WTO members have repeatedly put the lens on India's...
More »Only 12% deficit in monsoon rainfall: Why is the picture of rural economy still uncertain? -Jayashree Bhosale & Avinash Celestine
-The Economic Times Dinkar Patil, a farmer from Buldhana district in Vidarbha, Maharashtra, normally cultivates cotton on his 13-acre farm land. This year, however, he has skipped the cotton crop and opted for soyabean and tur dal. "The rainfall started late. I did not cultivate cotton because of the delayed rains and the huge increase in cost of cultivation of the crop," said Patil. He is expecting a fall of about...
More »Punjab to procure, distribute grains under food law -Sanjeeb Mukherjee
-The Business Standard In a move that could lessen the Centre's foodgrain procurement burden, it has allowed the Punjab government to purchase and distribute grains in advance to beneficiaries of the National Food Security Act (NFSA) for the next few months. As a result, 800,000-900,000 tonnes, mostly wheat, will not come to the Centre's pool for a while. Punjab is one of the main wheat and rice producers in the country. It had...
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