Premium: Buying A Lot More Food Than We Need, Government Edition


This is an archive for Capital Mind Premium subscribers, sent on Jan 15, 2014. Click here to know more.

Even as WPI Inflation shows a headline figure of 6.16%, the lowest in a while, we look at how food prices seem to be continuously increasing.

The Food Corporation of India procures food from farmers at “Minimum Support Prices”, announced every year. And the quantity we procure is expected to meet the requirement of the Public Distribution System (PDS).

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