8. Starvation in the midst of plenty; this reflects the sorry state of affairs associated with the issue of food security today. In light of this statement, what role does buffer stock play in promoting food security? Comment on the Institutional Setup for the management of buffer stocks and bring forward challenges as well as solutions associated with the same.

Approach:

Explain the concept of Buffer Stock and why it is required to maintain. Further, Elaborate on the institutional setup for the management of stocks, analysing the current shortcomings and suggestions for revamping the system.