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 Economist   A huge identity scheme promises to help India’s poor—and to serve as a model for other countries INDIA’S economy might be thriving, but many of its people are not. This week Manmohan Singh, the prime minister, said his compatriots should be ashamed that over two-fifths of their children are underfed. They should be outraged, too, at the infant mortality, illiteracy, lack of clean drinking water and countless other curses that...

To banish hunger and malnutrition from the country, Parliament is likely to pass the National Food Security Bill (NFSB). In our earlier article on this issue, Can we Afford Rs 6-Lakh-Cr Food Subsidy Bill in 3 Yrs? (ET, December 17, 2011), we concentrated on the likely financial implication that we estimated at roughly Rs 6,00,000 crore over a period of three years. In this piece, we address the operational challenges...

-The Economic Times   Farm sector has sought reforms in supply chain infrastructure, rationalisation of subsidies, decentralised handling of foodgrain, and higher resources to farm productivity and ensure food security.  Presenting its pre-budget wish list to the Finance Minister Pranab Mukherjee, a delegation of farmers and sector experts said there was a need to boost investment in farm sector to tackle food inflation. Farm sector growth is likely to be 3-3.5% in 11th...

-The Business Standard Recent reports of the acquisition of a foreign rock phosphate mine by an Indian fertiliser manufacturer through a joint venture with a Japanese firm — in order to secure the raw material supply to its domestic phosphatic plant — should be viewed as part of a trend that needs to be sustained. India is critically dependent on fertiliser imports, since the availability of raw material for indigenous production...