With a large number of people living on subsistence level of income, the government has to safeguard their interest by ensuring availability of food grains at an affordable price. Success of any policy or programme to this effect depends on growth in agriculture production and procurement of wheat and rice, the main staple foodgrains. Though the performance of agriculture has not been uniform throughout and its growth rate has varied...

The high prices of essential commodities are expected to decline by the end of the rabi season in the next two months, Vijay Shankar Vyas, member of the Prime Minister’s Economic Advisory Council, said here on Tuesday. “Food inflation would come down by March-April as we are expecting a good rabi production this year,” Dr. Vyas told journalists on the sidelines of the launch of a publication on agriculture, Millions Fed,...

Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....

Government sat on grain stocks while food prices shot up   In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...

A solution to the pulses and edible oils crisis is entirely within reach.  The state of India’s food security is worsening by the year. The cost of food items is increasing rapidly, making them unaffordable to a majority of the people. Added to these woes is the short supply of pulses and edible oils, which forces the Central government to import them. Pulses play a critical role in the diet of...