Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

Foreign direct investment (FDI) rules in agriculture may be relaxed, albeit only in non-farm wasteland and degraded lands. The Union ministry of agriculture and the department of land resources under the ministry of rural development have given "in principle approval" to a proposal of the Department of Industrial Policy and Promotion (DIPP) to invite FDI for developing non-arable land through better technology into fertile and cultivable land. Currently FDI in agriculture is...

Thiruvoipati Nandakumar How is better delivery expected by allocating more foodgrains, when the system is not equipped to handle even the current level of allocation? The debate about the proposed national food security act seems to be centred on the magnitude of the allocation of food grains. But the issue is far beyond only foodgrains. It is about improving health, sanitation and nutrition standards so that India’s human development goals can be...

Centre will bring in amendments to the essential commodities Act to achieve this purpose: Thomas Union Minister of State for Food and Civil Supplies K.V. Thomas has said the Central government will soon institute mechanisms to regulate private retail chains in the context of the fluctuating price regime and shortages in the supply of essential commodities. Addressing a ‘meet-the-press' programme organised by the Kesari Memorial Journalist Trust here on Saturday, Prof....

If you thought only onion made headlines and governments fall, here is some more food for thought. The retail prices of brinjal soared 110% and those of tomato by 125% between the first weeks of November 2010 and January 2011, while the rise in crude oil paled in comparison, climbing about 12% in the same period. While import-dependent economies are struggling to keep their fiscal math in shape with crude...