-The Telegraph Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...
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Likely drop in food output to keep prices high -Zia Haq
-The Hindustan Times Indian households, already paying more for food, could see prices remain high because of a likely fall in farm output, despite an abating drought. Although the monsoon has improved to be only 8% below average until September 12, production of pulses, cereals and sugar is likely to decline from last year's levels, when India posted a record harvest. "Although stocks are plentiful now, prices remain a real cause of concern...
More »Repeating a mistake
-The Business Standard Govt controls will raise prices of pulses and oilseeds The food and consumer affairs ministry has proposed that stockholding limits on pulses and edible oils be retained for another year beyond October. In addition, it wants these curbs extended to rice, too. This is misguided, and will cause more problems than it wants to resolve. Instead of controlling prices, as is intended, these restrictions on trade will instead...
More »Monsoon revival unlikely to boost food production; food prices likely to go up- Rituraj Tiwari
-The Economic Times A late revival of monsoon may have narrowed the rain deficit to single digit (9%) but it is unlikely to help boost food grains production. "There would be a decline in the overall food grains production. There would be some drop in the production of pulses and coarse cereals," said Agriculture Secretary Ashish Bahuguna. He said the indication will start coming after the first advance estimates of the kharif...
More »A Bill that asks too much of the poor-Jean Drèze & Reetika Khera
-The Hindu Instead of rigid targeting, the government must build on the success of the public distribution system which is quietly becoming a significant means of social support In earlier writings, we have drawn attention to the quiet revival of the public distribution system (PDS) in many States during the last few years. Market prices of PDS commodities — mainly rice and wheat — have sharply increased, giving people a much greater...
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