Planning Commission Member, Professor Abhijit Sen, has observed that bad management of food grains and a high economic growth rate, particularly in the non-agricultural sectors, had led to spiralling prices of food grains. Prof. Sen was delivering the Prof. L S. Venkataramanan Memorial Lecture on ‘Inclusive Growth', at the Institute for Social and Economic Change, here on Thursday. Prof. Sen said the economic growth rate of 9 per cent led to increased...

India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...

THE government seems to be considering a new system to replace the present system of targeted public distribution system (TPDS) with food coupons or direct cash transfer. The ills that plague the present TPDS are well-known and well-documented. The two national surveys, one by Programme Evaluation Organisation of the Planning Commission and the other by ORG-Marg, both at the instance of the Union government, have identified the major problem areas...

Two years of drought has started to take its toll on the people of Vidarbha, with a failed crop leaving them with no income to tide over the crisis. He's a butcher out of business. “I want to shift to a town like Panderkauda,” says Sarfaraz Qureshi in Yavatmal district. “I'm unable to sell any meat in the villages I work in.” Qureshi is a small operator who carries as...

A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. "This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here. The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end...