Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...

-DNA Explain why more than 8.65 lakh metric tonnes (mt) of food grains meant for the poor under the Public Distribution System (PDS) have not been lifted between April and November 2011, the Bombay high court asked the state government on Thursday. A division bench of justice DD Sinha and justice V K Tahilramani, while directing the state government to file a detailed affidavit, said: “In areas such as Vidarbha, there is...

Pawar’s Report Card The Negatives     Per capita availability of cereals and pulses has fallen in last eight years     No improvement in irrigation, 60% of agriculture still dependent on monsoons     Farmers growing cereals, sugarcane, oilseeds and pulses assured higher MSP, but majority don't benefit     Production up, but not productivity. Farmer suicides are on the rise.     Poor market advisory on exports being misused to buy cheaply from farmers and make profits overseas     Pawar...

The Government of India has formally launched the news Guidelines of the MGNAREGA based on the Mihir Shah Committee report. The news guidelines include many new works under conservation activities and it strengthens the hands of the village panchayats and gram sabhas. However, the list of works does not include the activities under the system of rice intensification (SRI) which encourages scientific method of paddy cultivation with better yield in...

-The Economic Times Grain stocks with state agencies are likely to cross 75 million tonnes some time in June 2012, while covered capacity to store is less than 50 million tonnes. The rest would be under CAP (with pucca or even kachcha plinths) exposed to potential large-scale damage. An early and rational policy decision is required to reduce the stocks by at least 7-10 million tonnes to avoid high costs of...