-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

-The Telegraph   Four farmers were killed and 10 injured when security forces opened fire on agitating jute cultivators at Bechimari weekly market along National Highway 52 in Darrang this afternoon. Just 15km from where the skirmish broke out today, 15 people were gunned down during a historic clash between the British administration and villagers of Patharughat over a rise in land revenue in 1894. Almost 117 years later, the rulers' side has changed,...

-The Hindustan Times   Do these people look well-off to you? The planning commission puts them above poverty line. Basant Kumar, 51  Shopkeeper  Kusumpur Pahari slum,  Vasant Vihar, Delhi Daily expense: Rs 53   Basant Kumar runs a little shop in a slum in Vasant Vihar, home to over two lakh migrant families. He feeds and clothes his wife and three children on his meagre earnings of Rs5,000 a month. He also works odd-jobs, in construction or with...

-The Times of India   Faced with fierce criticism over the Planning Commission’s new criteria for poverty line, the Government has asked the Plan panel to revise its affidavit. The Planning Commission had said that that those spending more than Rs. 32 a day in urban areas, or Rs. 26 a day in villages, would no longer be eligible to draw benefits meant for those living below the poverty line. The new tentative...