-The Business Standard Too much grain, and no way to distribute it In about a month from now, the country’s ever-bulging foodgrain stockpile will bloat further to over 75 million tonnes, a record amount. This will be nearly two-and-a-half times the stipulated maximum food buffer. Worse, it will outstrip the available warehousing capacity (covered and open) of 63 million tonnes by a wide margin. Even today, a good part of the present...
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It's a double error-Sitaram Yechury
The ongoing debate over the incidence of poverty in India, often assuming surreal proportions, shows that there is indeed a ‘philosophy of poverty’ guiding current economic reforms. The loot of our country’s resources that is taking place both through these reforms, which continue to widen gross inequalities, and through the open plunder of our resources for private gain — as reflected in the series of mega scams — require the legitimacy...
More »The Food, the Bad and the Ugly-P Sainath
Average per capita net availability of foodgrain declined in every five-year period of the 'reforms' without exception. In the 20 years preceding the reforms — 1972-1991 — it rose every five-year period without exception. The country's total foodgrain production is expected to touch a record 250 million tons this year (2011-12). Union Agriculture Minister Sharad Pawar PTI, February 17, 2012 Record foodgrain output of 235.88 million tons in 2010-11. Sharad Pawar, PTI, April 6, 2011 India's foodgrain...
More »Retail inflation at 8.83 per cent in February
-PTI Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products. Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here today. Among other items, only vegetable prices saw a decline of 4.73 per cent over the February 2011 level. During the month, the prices of egg, meat and fish rose...
More »No green signal yet for the Yuva Kisan by MS Swaminathan
In this year's budget, Union Finance Minister Pranab Mukherjee has essentially tried to consolidate the gains from the initiatives he had launched during the previous two budgets. Thus, in agriculture there is no new initiative except increasing the target for agricultural credit to Rs.5,75,000 crore during 2012-13. This represents an increase of over Rs.1,00,000 crore from last year. The interest rate of four per cent recommended by the National Commission...
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