-The Economic Times   India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports.  The move will help India restore some global credibility as it has often faced flak for its banning spree.  "Once we are ready with the proposal, it will...

-The Business Standard The government must prepare for below-normal monsoon A massive 30 per cent deficiency in the monsoon rainfall in June, coupled with an anticipated low precipitation in September, may add to the government’s difficulties in achieving its growth and fiscal deficit targets. Agriculture may not be the only victim of poor rainfall. Its contribution to gross domestic product (GDP) may have dipped to mere 15 per cent but it still...

-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

No place to store seven million tonnes of procured foodgrains As the monsoons advance, the food ministry is desperately looking for shelters. On June 21, KV Thomas, the Union food minister, admitted what many feared the past two months. Nearly seven million tonnes of foodgrains procured by the government in the current season may perish due to non-availability of storage space. This is 50 per cent more than Uttar Pradesh's total...

-The Hindu Food Ministry wants to limit grain procurement to the needs of PDS More than 6.6 million tonnes of wheat meant for the public distribution system, is lying in the open, running the risk of damage from rain, Minister of State for Food and Public Distribution K.V. Thomas admitted here on Thursday. The government’s priority was to evacuate the wheat, he said. Faced with a problem of plenty, the Food Ministry wants to...