Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food Inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...

-IANS   Communist Party of India-Marxist (CPI-M) general secretary Prakash Karat on Sunday said the food security bill in its current form will curtail the food security as it caters to certain sections of society. "This will not be a good food security legislation as they are trying to restrict the food security to certain sections of society. They have already given a quota - 46% of the population in rural areas...

Union Agriculture minister Sharad Pawar’s made a last-ditch effort to win support for his controversial Seed Bill, 2010 by calling an all-party meeting in Parliament earlier this week. He was candid about the fact that this legislation tops his “must do” list. But the Opposition — supported by a section of the Congress—weren’t having any of it. “The proposed bill is not only anti-farmer but also brazenly favours multinationals in the...

-The Business Standard   Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, Food Inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, Food Inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...

-The Telegraph   The government may introduce dual rates for diesel — with the price of the fuel higher in cars and commercial power compared with the price for truckers and farmers — to prevent its misuse. During a parliamentary debate on the price rise, Opposition leaders asked finance minister Pranab Mukherjee if the government would withdraw subsidy benefits on diesel used by premium cars and commercial users such as telecom tower...