Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...

By spending just Rs 6,000 crore, the government can make a huge dent in the treatment of all sick people across the whole country — currently, people are spending as much as Rs 25,000 crore on buying essential medicines. This was the strong message sent out from a National Consultation organized by several civil society groups at New Delhi on Tuesday. Officials of the health ministry and the Planning Commission...

A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

The recent incident in Dantewada wherein the Maoists killed 76 CRPF jawans has triggered a heated debate about the establishment on one side and the Naxalites on the other. One section calls for strong action against the Naxalites, even calling them terrorists and urging the use of armed forces against them, while others defend the action of the Naxalites to the extent of justifying it. Hours and hours have been spent...

An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...