-BBC India's Uttar Pradesh state has unveiled a new policy making it easier and more profitable for famers to sell land, following recent angry protests. Chief minister Mayawati said it would ensure a seller's market for farmland. It would also smooth the way for land to be developed for infrastructure. Land for industry is a burning issue as India tries to balance a growing economy with the interests of the poor. Last month the...
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Taming international food inflation by Anwarul Hoda
What can make a real difference to food prices is determined international action to increase food production in regions that are richly endowed with land and water resources High food inflation has been the source of major concern in India for more than a year. Soaring food prices have been the cause of unease internationally as well. A Food and Agriculture Organisation (FAO) press release of 3 March, 2011 indicates that...
More »Aadhaar sets stage for cash transfers by Surabhi Agarwal
In line with finance minister Pranab Mukherjee’s budget announcement on Monday that the government is looking at direct cash transfers as an alternative to the current subsidy on kerosene and fertilizers and to prevent leakages, the Unique Identification Authority of India (UIDAI) is planning to open Aadhaar-linked bank accounts for the purpose. These can be used for other financial transactions as well. The authority is in the process of empanelling banks...
More »The great onion robbery: 135% mark-up from mandi to retail by Subodh Varma
Speculative traders are making super-profits by fixing prices in the onion trade while the government is playing around with ad hoc fixes. On Tuesday alone, wholesale traders in Delhi bought onions at about Rs 34 per kg while it was sold in retail at Rs 80 per kg. That's a margin of Rs 46 per kg or 135%! About 11,445 quintals of onion were bought in the Delhi wholesale markets on...
More »Centre allows sugar export of 5-lakh tonnes by Gargi Parsai
It will have no impact on domestic prices, says Pawar Union Food and Agriculture Minister Sharad Pawar on Wednesday said that the government will allow export of 5 lakh tonnes of sugar under Open General Licence by the end of this month after working out the modalities. All sugar mills would be allowed to take advantage of higher domestic sugar production and high global sugar prices.Mr. Pawar also announced a hike...
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