Business Standard
Friday, May 25, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Adequate foodgrains available for any difficult situation: PM
Press Trust of India / New Delhi Aug 08, 2009, 14:00 IST

Observing that the country was facing a "difficult situation" following delayed and deficient rainfall, Prime Minister Manmohan Singh today said the Centre has adequate foodgrains and would not hesitate to take strong measures and intervene in the market if the need arose.     

"Agricultural operations have been adversely affected in several parts of the country causing distress to farmers. A deficit of more than 6 million hectares has been reported in paddy, which is the worst affected crop," he said addressing the Conference of Chief Secretaries on the monsoon situation here.     

The government has enough cushion on account of bumper production in the previous two years, Singh said.     

"We are in a position to ensure adequate availability of foodgrains in drought affected areas. We should not hesitate to take strong measures and intervene in the market if the need were to rise," Singh said in the presence of Agriculture Minister Sharad Pawar.     

Emphasising the need to act promptly, collectively and effectively, he assured the Centre's full support regarding any additional assistance that States would require on this front. "In no case, should we allow citizens to go hungry."     

Cautioning that the reduced production of Kharif crop in the current year may have an inflationary impact on prices of food items in the coming months, Singh said the Centre and states will have to work together and activise the public distribution system (PDS).

"We will also have to ensure effective enforcement of stock holding limits and strong action against hoarders and black marketeers," Singh said, observing that of late, the country has witnessed rising trend in prices of pulses, sugar and some vegetables.     

On immediate concerns over monsoon, Singh urged states to commence relief operations wherever there was a need.     

"In case the Contingency Relief Fund available with the States is not sufficient, they (States) should quickly prepare a detailed memorandum for assistance under the National Calamity Contingency Fund," he said.     

Singh regretted that no state governments has so far send memorandum seeking assistance for drought affected districts, even though 141 districts of the country have been declared as drought affected.     

"In short, the contingency plans for crops, drinking water, human and animal health and fodder should be brought into operation without delay and a close watch kept on availability of foodgrains and prices of essential commodities," he said.     

Singh said the Centre has recently decided to reimburse 50 per cent of the cost that states would incur in providing diesel subsidy to the affected farmers and provided additional power from central pool to few states.     

He said the Power Minister has been asked to extend similar support to other states, which should ensure that the additional availability should be used only for agricultural operations.

 

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets extend losses, Autos drag
- Bharti adds 2 million Indian mobile users in April
- Rupee likely to rise to 52/dollar in 6 mths: BarCap
- Markets trim losses
- Gravita India hits new high post stock split
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- RBI cracks down on exporters, banks Rs sees sharp rebound
- Petrol price rise offers FDI hope to retail chains
- No oil price review before June 1, two states cut tax
- Bharti Airtel acquires 49% in Qualcomm India for Rs 907 cr
- US sets more duties on India steel pipe
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us