The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....

July is a month when we need to remind ourselves how reforms have changed India since 1991, from vulnerability to resilience, whether to external shocks (say, oil) or internal ones (droughts). In 2009, we witnessed the worst drought since 1972, yet the agricultural growth rate stayed positive (0.4%), nor did we resort to any major cereal imports. And in 2010-11, we are likely to have a record harvest of 241 million...

Bangalore : Karnataka Chief Minister B S Yeddyurappa, currently holidaying in Mauritius, is among a slew of politicians set to be named in a damning Lokayukta report on the illegal plunder of Karnataka’s iron ore resources over the decade. Cutting across party lines, the 8,000-page report also names the Reddy brothers of Bellary, Congress Rajya Sabha MP Anil Lad, former chief minister H D Kumaraswamy and BJP MLA Anand Singh. While it...

The empowered group of ministers (eGoM) recently decided on two important steps seen crucial for management of foodgrains. The first was the finalization of the National Food Security Act (NFSA) and, secondly, extending the term of the Nandan Nilekani committee to explore the possibility of introducing cash transfers for delivering food subsidy directly to the poor. Another linked decision was to allow Exports of wheat and rice to international markets. The...

Some of that legendary ‘Banarasi pan' could have begun its journey from Gujjari Mohanty's vineyard in Govindpur, Orissa. “I've sold our leaves in Benares [Varanasi] myself,” says her son Sanatan. As have many of their neighbours. “Our leaves are high-quality and greatly valued.” The betel leaf, though, is not just about pan. It is also valued for medicinal qualities as a digestive, for the antiseptic nature of its oil, and...