-PTI   High volatility and price swings in food commodities are likely to prevail for the rest of this year and could continue into 2012, UN body Food and Agriculture Organisation today said. “High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012,” Food and Agriculture Organisation said in a statement. The next few months will be critical in determining how the major crops...

High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012 according to the latest analysis published today in FAO's biannual Food Outlook. The report cites a sharp rundown on inventories and only modest overall production increases for the majority of crops as reasons for continuing strong prices. The next few months will be critical in determining how the major crops will fare this...

In the season of draft Bills, the Sonia Gandhi-led National Advisory Council has come out with its draft of the National Food Security Act, 2011, that gives legal backing to the highly leaky PDS system, thereby excluding innovative options like cash transfers, which may have included variants like food stamps and UID-linked smart cards. Despite the PM’s panel objecting to universal legal entitlement, the draft says that “not less than 90%...

The rural development ministry has proposed that farmers should get 80% of the profits from resale of land bought from them for development, much higher than that suggested by a Sonia Gandhi-led panel. The National Advisory Council had pegged the compensation after resale at 25% of the profits made by private developers. The proposal, aimed at giving farmland owners a better deal, follows protests in Uttar Pradesh's Greater Noida last month over...

Is it the end of the road for the Lokpal panel? Talks between the government and social activists could be headed for a collapse after they disagreed on all key issues – Anna Hazare's team has threatened a walkout if the prime minister is exempted from the Bills ambit. Fearing a repeat of the Anna movement, the government is trying to persuade Baba Ramdev to call off his hunger strike that...