ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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INDIA-SRI LANKA ACCORD-Unfolding Implications

Faith in the Market AT a press briefing in New Delhi last month on the drought situation, the food secretary expressed satisfaction at the fact that, despite the drought, the offtake of foodgrains from the central food stocks for public distribution had gone up only marginally. He interpreted this to indicate that enough foodgrains were available in the market at 'reasonable' prices. The validity of the conclusion drawn by the food secretary apart, his statement did provide some clue to government policy in regard to the use of the central food stocks in the face of the situation created by the drought. For at the same press briefing it also came to light that while the offtake for sale through the public distribution system had shown only a slight increase, there had been a sharp drawing down of the central food stocks themselves

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