Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The Supreme Court today told the Centre’s counsel to tell “your minister” it had issued “an order, not a suggestion”, to distribute free foodgrain to the poor. The stinging rebuke drew a measured response that masked the misgivings within the government and amplified the paranoia among parties that any debate could saddle them with the politically suicidal label “anti-poor”. The court was responding to comments attributed to food minister Sharad Pawar that...

Maharashtra ended famine forever by passing an Act that deleted the word ‘famine' from all laws of the State. Maybe the government, the National Advisory Council and other assorted enthusiasts of the Food Security Bill can learn from Maharashtra about moving towards ending hunger altogether. In 1963, the government of Maharashtra ended famine forever in the State. It did this without adding a morsel to anyone's diet. It did so simply by...