New Delhi: The Prime Minister on Monday approved the constitution of an empowered group of ministers to consider issues concerning procurement, management of foodgrains stocks, revision of central issue prices (CIP) of foodgrains and the proposed law on food security.
A press release said that the group of ministers would debate on issues relating to revision of CIP for wheat and rice and also to strategize for procurement of foodgrains under the minimum support price (MSP) operations.
The group of ministers would also consider taking a position regarding futures options for wheat in global commodity exchange after assessing the demand-supply gap. The group comprises finance minister Pranab Mukherjee, agriculture minister Sharad Pawar, defence minister A.K. Antony as well as home minister P.Chidambaram apart from four others.