Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...

After nearly 15 straight months of double-digit food inflation, the government announced on Thursday that food inflation had dipped to 9.67% for the week that ended on July 17. That's small consolation for most Indians, particularly the poor, who have seen a relentless assault on their food budgets that has resulted in essential items being dropped from the menu, giving rise to a whole new enforced "austerity diet". Since no...

The government failed to reach an agreement with the Members of Parliament, who moved for amendments to the Seeds Bill on the issue of price regulation and penalty for failure of seeds in a meeting convened by the Union Agriculture Minister Sharad Pawar here on Wednesday. On other amendments, the members either convinced the government or got convinced. The government will now consult the Ministry of Law on the two issues, Mr...

The agriculture ministry has put on hold the controversial Seeds Bill, 2004, following strong objections from the MPs, mainly on the pricing and penalty clauses. Sources said while the penalty clause would be further referred to the law ministry for its opinion, the ministry would consider the suggestion of creating a national authority to decide pricing of the seeds. “Two main issues need to be discussed further — pricing of seeds and...