The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

With a significant improvement in levels of major irrigation reservoirs in the state, thanks to a robust north-east monsoon, Tamil Nadu can look forward to a decent production of summer crops that can potentially arrest the rising prices of vegetables, pulses and food grains. And despite the power woes of farmers and shrinking area of farm lands in the wake of real estate growth, the state's agricultural yield seems to...

The National Advisory Council (NAC) had been widely credited with framing three pro-people legislations — the National Rural Employment Guarantee Scheme (NREGS), the Right to Information (RTI) and the Forest Rights Act — under the UPA 1 government. So when NAC 2 began discussions on the Food Security Act in mid-2010, expectations were high. The initial vision of an act with a universal public distribution system (PDS), extensive children's entitlements...

What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...