India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

-The Business Standard   The agriculture minister is right about food security Among the large number of disparagers of the government’s proposed food security law, Agriculture Minister Sharad Pawar has been the most relentless, and also among the most outspoken. His latest salvo, expressing misgivings about its smooth implementation without investing more on boosting food production, is as relevant as the objections he had raised earlier concerning its impact on the already fragile...

The Centre's National food security bill could face some hitches, irrespective to which party forms government in Punjab as both the Congress and Akali Dal-BJP have promised to diversify agricultural production by moving towards cash or commercial crops.  The poll promise by political parties to influence Punjab farmer to also grow crops other than wheat and paddy gives further weight to agriculture minister Sharad Pawar's warning that implementation of food security...

-The Business Standard   Its guarantee of non-duplication can have far-reaching cost benefits but it has deep design flaws that can be compromised. PRAVEEN CHAKRAVARTY Former Volunteer, Financial Inclusion, UIDAI* “Aadhaar is an unadulterated identity programme that answers the question: Is the individual who he or she claims to be?”   The word “unique”, and not “identity”, is central to the unique identity programme or Aadhaar. It may be true that the vast majority of people possess some...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...