Prime Minister Manmohan Singh on Wednesday cautioned India cannot remain immune to international events like sub-prime crisis and rising commodity prices and said the country needs to create buffer stocks of pulses and edible oils to improve its food security.
“We probably need to enhance our buffer stocks of foodgrains and also consider buffer stocks for pulses and edible oils,” he said while inaugurating the National Development Council (NDC) to approve the 11th Five Year Plan.
Pointing out that the food security was going to come under stress, the Prime Minister said, “We need to
Sounding a note of caution on the US sub-prime crisis, Singh said, “There are some clouds on global financial markets following the sub-prime lending crisis. We cannot be fully immune to international developments.”