Food inflation rose marginally to 16.35% for the week ended March 20 mainly on account of high prices of pulses and milk. The inflation stood at four-month low of 16.22% for the week ended March 13. The rise in food prices is mainly driven by pulses, which became dearer by 31.55%. Milk prices rose by 18.74% on the yearly basis. On weekly basis, the index for food articles rose by...
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Kaushik Basu interviewed by Manav Chopra
Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...
More »Pathway to food security for all by MS Swaminathan
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...
More »Gathering Storm by Ajit Sahi and Rana Ayyub
UNLESS THE prices of vegetables skyrocket and become a scandal — as they have over several weeks now, or as did the price of sugar last year — little in the out-of-sight world of Indian agriculture excites the imagination of the city folks, who influence, rather disproportionately, everything from government policies to newspaper content. Few of those who enjoy a hearty meal and wax lovingly on their favourite dishes can...
More »Call for Bill that provides for universal PDS coverage by Gargi Parsai
Members of the Right to Food Campaign on Monday “rejected'' the proposed draft of the National Food Security Bill that promises 25 kg. of food grains to each Below Poverty line population family a month at Rs. 3 a kg and urged Prime Minister Manmohan Singh to come up with a bill that covers every adult resident of the country under the Public Distribution System (PDS). “Nothing short of a universal...
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