-The Indian Express   Reeling under the pressure of huge foodgrain stocks, well above the storage capacity across the country, the government on Thursday decided to send 50 lakh tonnes of grains to the states at much below the minimum support price (MSP), leaving a window open for export at a later date. “We will look into the issue once the Agriculture Minister is back in town,” Finance Minister Pranab Mukherjee is...

Ensuring food security to all is one of India’s top policy agendas today. Given a large mass of poverty in the country, it is not surprising and no one would perhaps disagree with the need to achieve this as soon as possible. But the varied policy instruments that can be used towards achieving this goal draw sharp differences among the stakeholders. What is food security? The World Food Summit of 1996...

The Calcutta High Court on Thursday directed the Hooghly District Magistrate to submit a report on the alleged incidents of pilferage and loot at the SITe of the Tata Motors car factory (since relocated), after the Singur Land Rehabilitation and Development Act, 2011 came into force.  Justice Soumitra Pal asked the District Magistrate to submit the report by 11 a.m. Friday, when hearing on Tata Motor's petition challenging the constitutional...

Congress expected to endorse government's stand on excluding PM from ambit of Bill Some party leaders prefer to include PM, given the strong public sentiment against corruption Government's original draft included Prime Minister Ahead of an all-party meeting on July 3 to debate the controversial Lokpal Bill, the Congress Working Committee (CWC), the party's apex body, will meet on Friday to discuss what is euphemistically being described as the “the current political SITuation.”...

-The Times of India   The proposed Food Security Act may not put additional burden on the government in the current fiscal year as the government can find the resources to fund the plan from the spending outlined for 2011-12 , finance ministry officials said. However, the food subsidy bill could soar to as much as Rs 75,000 crore from the estimated Rs 60,572.98 crore for the 2011-12 fiscal. Finance ministry...