Most of the respondents in Uttar Pradesh, Himachal Pradesh and Kerala prefer an effective PDS to cash transfer. THE survey of the public distribution system (PDS) in nine States, of which I was a part in Himachal Pradesh (Sirmaur district), Uttar Pradesh (Jaunpur district) and Kerala (Wayanad district), came as an eye-opener to me on many counts. If Himachal Pradesh stood out for the innocence of its people, Uttar Pradesh...

The government’s desperate race to redraft the Lokpal bill in time for passage this Parliament session has left political circles uneasy, with even some Opposition leaders conceding the dangers of lawmaking under such abnormal pressure. The Centre too is squirming at this “indecent haste”, prompted by its keenness to avoid another face-off with Team Anna. But it feels it has little choice in a political climate where “confrontationism” is giving the...

In U.P., where 70 per cent of the people depend on agriculture, FDI in retail does not produce any cheer. ON a misty Monday morning in early December in Muradnagar, a small town in western Uttar Pradesh, numerous tractors and trucks, loaded with jaggery and driven by farmers themselves, lined up in front of the smallest grain mandi (market) of the region. With unusual patience, the drivers waited for their...

Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...

Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...