With buffer stocks ahead of harvest being twice the norm, limiting wheat procurement in the coming season is a judicious option. It is time for a thorough overhaul of the foodgrains procurement and buffer stocking policy. With the rabi season harvest of grains — mainly wheat, followed by paddy — just days away, a major challenge will be finding appropriate storage space. As of March 1, the Food Corporation of India...

The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011:   A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...

India's vegetables production is estimated to rise by 6 per cent in 2010-11 and recent high prices of onion were mainly on the back of lower and delayed arrivals in markets caused by initial damage to the crop due to unseasonal rain, Parliament was informed today. Vegetable production in India is estimated to touch 141.3 million tonnes in 2010-11, against 133.5 million tonnes in 2009-10, Minister of State for Agriculture Arun...

There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...

In a unique move to curb corruption in the public distribution system (PDS), ration coupons in Bihar will be bar-coded from June. The next set of PDS coupons —a for June 2011 to May 2012 — has gone into print and will have bar code to prevent duplication. A bar code is a group of thin and thick lines printed on products you buy in a shop, and which a computer...