In its first bi-monthly monetary policy of 2017-18, it said several indicators are pointing to a modest improvement in the macroeconomic outlook. These include record production of foodgrains and pulses and recovery in industrial output on the back of turnaround in the manufacturing sector.
Food and Consumer Affairs Minister Ram Vilas Paswan said changes in prices of the 22 items including pulses, onion and tomato vis-a-vis on the day of demonetisation are being monitored on a daily basis.
"The average of last five years was 81.75 lakh metric tons. This year the expected foodgrains production is 84.66 lakh metric tons. It will come, there is no doubt," he said in the Legislative Assembly during a budget discussion.
THe foodgrains production increased to a record high of 271.98 million tonnes. It was a great achievement despite all the difficulties farming community face today and it may be attributed to the Scientists of KVK who desperately working with farming community at the field level, he said.
According to the fourth advance estimate of foodgrains production for 2015-16 released today, the output of rice, coarse cereals and pulses have fallen while that of wheat has risen compared to the previous year.
The Indian Council of Agricultural Research (ICAR) said a production of 270 million tons of foodgrains was expected during the kharif and rabi seasons this year, thanks to the forecast of a normal monsoon
FCI, a government of India enterprise, had contended that it only occupies the godowns which are owned by the union government and such properties are exempted from local taxes.
Food, Health and various other ministries have assigned the mandate to Food Safety and Standards Authority of India (FSSAI) to come up with standards for fortification of foodgrains such as wheat flour and rice which will add to the nutrient value of food intake, said Subhasish Panda, Joint Secretary in the Department of Food.
The country had last achieved a record output of 265.04 million tonnes (MT) in 2013-15. However, the production in 2014-15 and 2015-16 fell to 252.02 MT and 253.23 MT, respectively, due to drought in more than ten states.
Till now, 25 states and UTs have rolled out the law while 11 are in the process of doing so, Food Minister Ram Vilas Paswan said. The law was passed by Parliament in 2013 and state governments were given one year to implement it.
The Cabinet Committee on Economic Affairs in its meeting on Wednesday decided that at least 90 percent of foodgrain output and 20 percent of sugar production has been reserved for packaging in jute.
Food Minister Ram Vilas Paswan said that out of the projected requirement of Rs 1,18,734 crore in 2015-16 fiscal, the government has released Rs 24,250 crore as food subsidy to FCI till April 29.
The deadline, which has already been extended twice for implementing the food law, was ending on April 4.
Government has notified the landmark food security legislation, giving a legal right on highly subsidised foodgrains to 67 percent of the country's population.
The Food Security Bill envisaging entitlement of foodgrains for 67 per cent of the population will soon become a reality, Union Information and Broadcasting Minister Manish Tewari on Sunday said.
Sitting on huge reserves of foodgrains, the government today allowed additional exports of up to 25 lakh tonnes of wheat from its own stocks to clear the surplus in godowns and ease storage crunch.
The Maharashtra government has sought 88,000 metric tonne foodgrains from the Centre for above-poverty-line (APL) families from drought-hit talukas.
Govt to release 5 MT of foodgrains, 3 MT wheat
Prime Minister Manmohan Singh is likely to hold a meeting tomorrow to discuss supply of about 15 million tonnes of extra foodgrains to ration card holders that will help the government to create more storage space for new crops before monsoon.
With the arrivals of wheat picking up in key growing states of Punjab and Haryana, the procurement of grain in the ongoing rabi marketing season so far has risen by 16% to 121.69 lakh tonne.
Agriculture Minister Sharad Pawar today expressed optimism that the government will achieve the targeted foodgrain production of record 245 million tonnes for 2011-12 crop year and the country will harvest an all-time high wheat output.
Agriculture Minister Sharad Pawar today said the government should supply highly subsidised foodgrains only to the "really needy people" under the proposed food security law else the country's economy would be affected.
Food Minister K V Thomas today said apart from raising foodgrains production, the country needs modern storage facilities on the lines of China to sustain the implementation of new food bill provisions.
Food Minister K V Thomas today informed Parliament that Rs 24,000 crore has been sanctioned to the Food Corporation of India (FCI) so far in 2011-12 to clear dues with state procurement agencies.
Over 540 tonne foodgrains, half of this in West Bengal, has been damaged in the country till July this year, Parliament was informed today.