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...

Agricultural experts today cast a wary eye on the steep rise in the cost of wheat prompted by a Russian export ban and the questions looming over harvests in other parts of the world because of drought or flooding with memories still fresh of food riots set off by spiking prices just two years ago, Food prices rose 5 per cent globally during August, according to the UN, spurred mostly by...

There’s suddenly a flurry of activity in Karotia, a nondescript village in West Bengal’s Burdwan district. Lately, a lot of politicians and state government officials have been visiting the village, and they say work on a nearly forgotten 14km irrigation canal is going to start soon. It’s been nearly 36 years since the state government first proposed to dig the canal, recalls Azizur Haque, the local panchayat chief. It was to...

The prime minister, in his Independence Day address said: “I am happy that the growth rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We need to work harder so that we can increase the agricultural growth rate to 4% per annum” . Is it possible? If so how? The production shortage of wheat in India in 2006...

Has the food ministry been misleading over changes to its subsidised grain sale in the open market, resulting in massive excess stocks still lying with the Food Corporation of India (FCI) and huge wastage of grain at at time of high food inflation? In a letter to the PMO this month, the food and consumer affairs ministry has acknowledged that wheat and rice to retail consumers in states under the...