Summer temperature in India is set to remain above average, weather officials said, raising hopes of heavy rains at the start of the monsoon season that will help early sowing of rice, soybeans and lentils. Early sowing and the subsequent early harvest insulates crops from weather risks such as weak rains towards the end of the June-September monsoon season that delivers 75-90% of the rainfall in most parts of India. It also...

A“reworked and realistic” food guarantee scheme is on the anvil. The Suresh Tendulkar panel report is likely to form the basis for poverty estimation required for this. A hint to this effect came during a meeting of the core group of chief ministers on price rise chaired by Prime Minister Manmohan Singh here on Thursday. The government has been under pressure from state governments to make a fresh BPL assessment....

In an all-too-rare political consensus, India’s Central government and 10 states on Thursday decided to take a call in the following few weeks on reintroducing harsh laws that will severely punish hoarders in order to mitigate food inflation. A core committee comprising representatives of the states and the Centre, and led by Prime Minister Manmohan Singh, appointed three sub-groups to come up with a solution within 45 days. One of the...

With food inflation still in double-digits, the first meeting of the Core Group of Central Ministers and State Chief Ministers on Prices of Essential Commodities is being held here on Thursday. Prime Minister Manmohan Singh will preside. Ten Chief Ministers are expected to attend. The States that will be represented include Chhattisgarh, West Bengal, Punjab, Haryana, Gujarat, Bihar, Maharashtra, Tamil Nadu and Assam. Union Finance Minister Pranab Mukherjee heads the group,...

The proposed Food Security Bill should adopt a three-pronged strategy that constitutes a Universal Public Distribution System for all, low-cost foodgrains to the needy, and convergence in the delivery of nutrition safety net programmes.  In his latest budget speech, Finance Minister Pranab Mukherjee announced: “We are now ready with the draft Food Security Bill which will be placed in the public domain very soon.” Although no official draft has been...