-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...

-The Economic Times   India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports.  The move will help India restore some global credibility as it has often faced flak for its banning spree.  "Once we are ready with the proposal, it will...

-The Economic Times Union Food and Consumer Affairs Minister KV Thomas is worried about the climbing food inflation. But international demand-supply situation and rising crude prices make it tough to rein it in, says the minister in an interview with ET. Excerpts: There's a fear of below normal monsoon this year. But we have opened up our farm exports including key commodities like sugar, wheat and rice. We have ample stocks of foodgrain...

-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

-The Hindustan Times There is a widespread perception of policy paralysis in the corridors of power. The two remaining years of the UPA's term is still not too short to reverse the current drift, but time is rapidly running out. The damaged economy needs urgent fixing as does restoring the credibility of an executive racked by scandals and the absence of a sense of direction. The people of the country long...