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Wheat prices drop on extra allocation on PDS

Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...

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Seven sisters' demand for separate time zone gains momentum by Sanghamitra Baruah

For years, they have been waking up early and starting late. But India's northeast, which sees sunrise almost two hours before Mumbai, has decided it's time to set the clock right. The region's demand for a separate time zone has never been more vociferous April is usually the cruelest month for India's northeastern states. Cyclonic storms lash the region with vengeance and rip apart homes and hopes. But in all...

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Directionless in Agriculture by Bharat Jhunjhunwala

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...

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Stamp of possibility by Bhaskar Dutta

An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...

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“Equity” cannot be inequitable by Surya P Sethi

The right to development is not a right to pollute.  As the debate over India's climate change strategy continues, it is necessary to address some misconceptions about climate equity that are evident in recent pronouncements of the Union Minister for Environment and Forests, Jairam Ramesh, and the writings of his most recent adviser, Dr. Arvind Subramanian. A solution to climate change, even an inequitable solution, has to address our planet's energy...

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