Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...

About 6,348 tons of foodgrain stored in various government outlets across the country were damaged primarily due to storage pest attack and leakages in godowns in 2010-11, a fact which does not go down well for the country's food security. “The foodgrain get damaged due to various reasons such as storage pest attack, leakages in godowns, procurement of poor quality stocks, during movement of stocks, exposure to rains, floods, etc,” Union...

World Bank president Robert Zoellick recently listed nine measures that the G20 should adopt under its current French presidency. These range from improving information about grain stocks and developing better weather-forecasting methods to strengthening social safety nets for the poor and helping small farmers benefit from tenders from humanitarian purchasers such as the World Food Programme . These measures tackle only the symptoms of the global food system's weaknesses, leaving the...

With food inflation hovering in the double digit bracket for most part of 2010-11 and the aam aadmi up in arms, all hopes were pinned on the Union Budget 2011-12 for giving a new fillip to the farm sector. But the budget has disappointed most, in spite of finance minister Pranab Mukherjee allocating Rs 14,744 crore for agriculture. “An increase of only 2.6 per cent over last year makes the...