In an address to the Berlin Agriculture Ministers meeting last month, World Trade Organisation (WTO) Director General Pascal Lamy said export restrictions are a prime cause of recent surges in global food prices, and countries should find other ways of securing domestic supplies (“WTO chief: Alternatives to food export curbs needed”, Business Standard, January 23). Though export restrictions are an important contributor to rising food prices, they are by no...

The government has taken the first concrete step to start disbursing subsidies for things like kerosene, cooking gas and fertilisers to individuals, families and farmers by direct cash transfer. A task force under the leadership of Nandan Nilekani, who heads the Unique Identification Authority of India, has been given the target of getting a pilot going by the end of the year. The transfer system will piggyback on the solution...

President Pratibha Patil today reaffirmed the government’s resolve “to maintain the momentum for reforms on a wide front”, prompting policymakers to outline the possible economic agenda ahead of the budget just a week away. Top officials offered their take on the phrase, mentioned in Patil’s speech to Parliament at the start of the budget session. According to the them, Prime Minister Manmohan Singh and finance minister Pranab Mukherjee are looking to...

The government today said the draft Food Security Bill, which entitles nearly two-thirds of the population to subsidised foodgrains, was almost ready. The Bill will legally entitle up to 70% of population to subsidised foodgrains as against the NAC's proposal to cover 75%. "We are going to introduce the Food Security Bill, almost 65-70% of the population are going to get the benefit," Food Minister K V Thomas said at the National...

Union Food Ministry to convene consultation of its officials with NAC and EAC representatives Pressure from the Sonia Gandhi-led National Advisory Council (NAC) on the new Union Food Minister, K.V. Thomas, to accept its recommendations rather than the watered down version of the Rangarajan panel, which was set up to examine the NAC's recommendations, appears to be working. Government sources told The Hindu that the Union Food Ministry is hoping to shortly...