-PTI Move expected to boost domestic supply, check prices The government today approved sale of 10 million tonne of wheat from FCI stock in the open market in order to boost domestic supply and check prices. A decision in this regard was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi. "The CCEA has cleared sale of about 10 million tonne of wheat via the...

-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

-Economic and Political Weekly     Sustained and focused efforts have to be made by the Tamil Nadu state government to provide relief and rehabilitation to the drought affected people of the state. S Rajendran (myrajendran@gmail.com) is with the Department of Economics, Periyar University, Salem, Tamil Nadu. Due to the failure of the north-east monsoon in December 2013, Tamil Nadu is witnessing drought like conditions this year, leading to poor agricultural productivity, rural distress,...

-The Times of India MUMBAI: As many as 229 of the 480 apartments meant to rehabilitate slum families were sold in the open market by a builder redeveloping a large slum redevelopment project in Goregaon west. Despite stop work notices by the authorities in 2007, some of the buildings on the 13-acre plot near the Goregaon bus depot, were built in violation of the coastal development zone (CRZ) norms. The Slum Rehabilitation Authority...

-The Hindu     Huge quantities of stock being routinely seized from middle-men Hyderabad: How much of food grain supplied under the Public Distribution System (PDS) is actually being consumed by white-card holders? Does the scheme truly satisfy its beneficiaries? While the answers are elusive, the fact remains that large quantities of stock are being sold illegally. Statistics provided by the Vigilance & Enforcement (V&E) Department show that huge quantities of stock are routinely being...