Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The Supreme Court today told the Centre’s counsel to tell “your minister” it had issued “an order, not a suggestion”, to distribute free foodgrain to the poor. The stinging rebuke drew a measured response that masked the misgivings within the government and amplified the paranoia among parties that any debate could saddle them with the politically suicidal label “anti-poor”. The court was responding to comments attributed to food minister Sharad Pawar that...

After successfully contesting a patent dispute with China earlier this year — regarding formulations based on “pudina” (mint) and “kalamegha” (Andrographis) — India last week won another legal battle in Malaysia against the use of “ponni” rice as trademark. Like basmati, ponni is also a speciality rice grown exclusively in southern states and has a niche market abroad. These and other victories concerning patenting of products like neem (Azadirachta indica)...