Huge stock being wasted in the absence of adequate storage PDS benefit should go entirely to BPL Computerisation will eliminate pilferage, corruption Expressing serious concern over reports that a huge stock of foodgrains is being wasted in the absence of adequate storage, the Supreme Court has asked the Centre to consider releasing the grain to the deserving people rather than allowing it to rot. A Bench of Justices Dalveer Bhandari and Deepak Verma asked...

Ultimately, the answer lies in increasing farm production and productivity The Chairman of the Economic Advisory Council to the Prime Minister, C. Rangarajan, on Tuesday suggested that people Above the Poverty Line (APL) could be considered for the mandatory food security scheme by limiting the subsidised foodgrains entitlement of Below the Poverty line (BPL) beneficiaries to 30 kg per month per family (instead of 35 kg). “An alternative is to give the...

India expects a strong rebound in farm output, which will substantially reduce food price inflation that has soared since last year when the country’s worst drought in 37 years hit crops, the agriculture minister said. This year’s June-September monsoon was 16% below normal last month, but rainfall has revived significantly, calming fears of shortages and higher prices. India also needs to ease tight controls on the sugar sector, agriculture minister Sharad Pawar...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...