-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   The increase in India's food subsidy bill after the introduction of the Food Security Act, which will guarantee subsidised grains to a large section of population, could damage the country's financial health, agriculture minister Sharad Pawar said here on Wednesday.  The situation is worrying even now, the minister said at the Economic Editors Conference here. "The issue price of grains for ration shops has not been changed for last...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...

What has changed since the economic reforms began? Many things. No waiting for years for a telephone connection, now cell phones with everyone. From three makes of cars with wind-down windows to dozens of makes, all air-conditioned. From one domestic airline, government owned and for the rich, to many private carriers for the middle class too. What has also changed is the knocking on the window. There are many more rich people...

The Planning Commission’s poverty line affidavit has exposed how blissfully ignorant the glorified economists of the UPA are of the true reality of India The 2G spectrum scam, Commonwealth Games loot, cash-for-vote bribery, Lokpal fiasco, Pranab-Chidambaram duel on the Finance Ministry note, and the count goes on. It seems the UPA-II is stuck in a rut.  As if the battering by the united Opposition and hauling over the coals by civil...