Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...

A few years ago, Paul Kagame, president of Rwanda, had a chance meeting with Som Pal, former member of the Planning Commission and earlier minister of state for agriculture, and was bowled over by his sage-like views on developmental issues. The president promptly invited Som Pal to his blighted country to suggest policy measures to get out of a developmental quagmire. Som Pal travelled to Rwanda; he was hosted at...

The International Food Policy Research Institute (IFPRI) recently in New Delhi, India gathered more than 900 participants for an international conference to examine ways that agriculture can enhance the health and nutritional status of poor people in developing worlds. Scholars, Politicians and activists during the conference tried to exploit the nexus between agriculture, nutrition and health. Most people would say that agriculture is for growing food, and on one level, they are...

An inter-ministerial group set up by the government to keep a watch on inflation and suggest measures has reiterated the need to revise the mandi law that prevents competition among buyers for farm produce. The group headed by chief economic advisor Kaushik Basu said the Agricultural Produce Marketing Committee (APMC) Act needed to be revised to encourage competition among traders and promote efficiency in retailing. Kishore Biyani , Chairman, Future Group...

The Budget season is in full swing and allocations for various sectors being hotly debated upon both by policy makers and the public at large. What is important to remind ourselves, is that where this will lead this country of over one billion, facing challenges of balancing economic growth with social justice and equity. Food Security has moved from an issue of the poor and hungry and those who advocate their cause...