Tuesday, 28 June, 2022
TopicFCI

Topic: FCI

Why India shouldn’t get carried away by wheat, rice export bonanza due to Ukraine war

+TFP Siraj Hussain -
Modi govt must assess food inflation and the domestic requirement of wheat and rice in a war-ravaged year. Data on procurement doesn't look good.

Usual laggard Bihar stuns with record wheat procurement this time, UP performs well too

Samyak Pandey -
Record-breaking wheat procurement by states like Bihar and UP, among others, has forced the central government to revise the wheat procurement target.

Why cleaning up FCI’s books won’t resolve India’s agriculture crisis or food subsidy bill

Remya Nair -
The accounting clean-up will bring in transparency in the government's food subsidy budget, but FCI’s issues over cost and sale price will continue.

Pasta, noodles, flour could get cheaper as FCI plans wheat reserve price cut to clear stock

Samyak Pandey -
FCI move aims to promote higher purchase by private buyers, which came down to nil in June. The agency has run out of storage facilities.

FCI has highest rice, wheat stock since 2005. Modi govt continuing legacy of bad economics

Vivek Kaul -
It is clear from the rising stock of rice and wheat that the government has been buying more from farmers than what it requires during a pandemic.

Modi govt now wants Egypt to buy surplus wheat, after refusing Turkey and desperate Iran

Samyak Pandey -
Egypt's main wheat buying agency is looking to purchase 6,00,000 MT of soft or milling wheat and India is eyeing this contract.

A ‘smart’ device will test rice quality now as govt says manual system promotes corruption

Samyak Pandey -
In 7 states, FCI will use the portable AnnadarpanSMART device to determine the quality of rice at 3 stages — procurement, storage and distribution.

Modi govt ‘risks’ National Small Savings Fund by using it to support struggling PSUs

Remya Nair -
Loans from NSSF to PSUs have risen 500% since 2016-17, though some can’t repay them. Critics say this is govt’s way of keeping fiscal deficit in control.

New procurement policy will allow states to rope in private players to ensure MSP to farmers

PTI -
The cabinet headed by PM Modi has approved a new procurement policy to ensure minimum support price to farmers.

Union Cabinet approves Rs 200 per quintal hike in MSP for paddy

PTI -
The minimum support price of paddy has been increased by Rs 200 to Rs 1,750 per quintal.
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Economy

Free power & no new taxes in AAP govt’s Punjab Budget, but fiscal consolidation roadmap missing

Shubham Batra -
Finance Minister Harpal Singh Cheema emphasised improving ‘fiscal health’ and augmenting tax revenues in AAP govt's maiden Budget Monday, but outstanding debt expected to rise by 8.4%.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

Raghav Bikhchandani -
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

National Interest

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Shekhar Gupta -
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.

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