As Madhya Pradesh begins to harvest a bumper wheat crop, the state is finding that measures put in place to ensure that the powerful do not game the system are having the unintended effect of keeping out the most marginalised. In anticipation of a bumper harvest, the MP government announced a Rs 100 bonus that it would pay wheat farmers above the central government-fixed Minimum Support Price of Rs 1,120. "It...

The Income Tax Department has handed over to the CBI tapes of a fresh set of an estimated 15,000 conversations of intercepted telephone calls which could widen the scope of the agency’s probe in the 2G scam and spell trouble for corporate lobbyist Niira Radia. The 15,000 conversations involve two alleged Delhi-based hawala dealers Anil Bansal and R S Bansal whose phones were put on surveillance along with those of Radia...

Distribution of basic food grains and fuel at controlled prices every month through the Public Distribution System (PDS) could be the largest service provided by the Indian State, touching as it does over 65 million families through a network of nearly half a million retail shops. Given that the urban middle class has little stake in the health of the PDS, there have to be some compelling reasons for the...

With wheat production expected to touch a new high during the ongoing Rabi season, a demand for its export has gained ground in UP. The export, is seen as the only way to help ease the problem of plenty and also to ensure remunerative prices to farmers. Incidentally, India's overall wheat production is also estimated to go up substantially. This comes at a time, when there is a global slump with...

Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...