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        News and Press Release

        Reforms in the Food Sector will be Taken up on Priority Stocks in the Central Pool are Adequate to Meet any Exigency

        July 10, 2014

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        The Finance Minister Shri Arun Jaitley while presenting his maiden Budget in Lok Sabha today said that the Government is committed to reforms in the food sector. Restructuring FCI, reducing transportation and distribution losses and efficacy of PDS would be taken up on priority the Finance Minister added.

        Shri Jaitley said that the Government is also committed to provide wheat and rice at reasonable prices to the weaker sections of the society. Even if due to inadequate rainfall, there is a marginal decline in agriculture production, stocks in the Central pool are adequate to meet any exigency he added. The Finance Minister said that the Government shall, when required, undertake open market sales to keep prices under control.

        Food sector reform to restructure grain handling and maintain affordable wheat and rice through stock management and market sales. The Government will prioritise reforms including restructuring of the Food Corporation, reduction of transportation and distribution losses, and improvement of the Public Distribution System to ensure reasonable prices of wheat and rice for weaker sections, relying on Central pool stock management and, when required, open market sales to stabilise prices.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Food sector reform to restructure grain handling and maintain affordable wheat and rice through stock management and market sales.

                                The Government will prioritise reforms including restructuring of the Food Corporation, reduction of transportation and distribution losses, and improvement of the Public Distribution System to ensure reasonable prices of wheat and rice for weaker sections, relying on Central pool stock management and, when required, open market sales to stabilise prices.


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