If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...
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Global Food Prices in 2011 Face Perilous Rise by John Foley
Food prices globally are rising to dangerous levels. There is talk of a coming crisis, like the ones that produced riots around the world in 2008 and 1974. Many of the ingredients of a disaster are present, but governments can stop the problem before it causes too much damage. A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26...
More »Pawar denies Prime Minister sought explanation for price rise by Manas Dasgupta
Union Agriculture Minister Sharad Pawar on Saturday denied that Prime Minister Manmohan Singh had sought his explanations on the rising prices of onions and other agricultural commodities. In a brief chat with the media persons on the sidelines of the two-day “Coop Core – 2010,” heralding the nationwide launch of the core banking solutions (CBS) for the urban cooperative banks, which began here on Saturday, Mr. Pawar said he too had...
More »Revamping foodgrain policy by CSC Sekhar
THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...
More »Can only GM crops ensure India's food security? by Rajni Bakshi
Traversing 20 states of India the Yatra had a three point agenda: Food, Farmers, Freedom. On December 11, while the bulk of yatris were at Raj Ghat, their representatives went to meet Congress president Sonia Gandhi. The list of demands they submitted provides a bird's eye view to the war that is now taking shape. Proponents of Kisan Swaraj want both the government and private sector to, among other things: 1. Stop treating...
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