-The Times of India   An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...

Unpaid bills of Rs 17,000 crore — and growing — have revealed hidden food subsidies and acute financial mismanagement as the government prepares to adopt the costliest, most ambitious legislation of its tenure. Documents accessed by Hindustan Times reveal this is the money the government now owes the state-run Food Corporation of India (FCI), hampering its mammoth operation of buying grain from the farmer, storing it and selling it cheaply...

-The Economic Times   Militants lobbed a grenade at a Food Corporation of India (FCI) godown at Sangaiporou area in Imphal West district but no casualty was reported, official sources said today. The militants lobbed the grenade at the godown at around 9 pm yesterday. The godown was guarded by central para military forces at Sangaiporou, about 7 km from here. The officer in charge of nearby Lamphel police station along with police personnel...

The management of food and poverty in India is getting increasingly unreal. On the one hand, the country has a bumper harvest with every likelihood of the grain mountain to be procured adding to the existing mountain of official stocks. Without adequate storage space, a not-so-insignificant part of it will rot and go to waste. On the other hand, the government will not allow wheat exports until it is clear...

An insightful article on “The wheat mountains of the Punjab” by Professor M.S. Swaminathan – one of the world's leading agricultural scientists and food policy experts – and a couple of reports on the Supreme Court of India's observations and directions on the same subject, published in this newspaper have drawn the attention of readers in substantial numbers. The article, published on May 11, 2011, throws new light on the present...