It is not every day that we have more than 60 million tonnes of foodgrain in our granaries. It must be an achievement, considering we were living literally from ship to mouth even in the 1960s. Unfortunately, what could have been a matter of pride has turned out to be a national shame, that too the second time in this decade (the first was in 2001). As Karl Marx said,...

The Centre is planning to give a 26 per cent share in mining profits to tribal people and to set up a regulatory body to check illegal mining, Union Minister of Mines B.K. Handique informed the Rajya Sabha on Monday. The draft of the Mines and Minerals (Development and Regulation) Bill — prepared on the basis of the policy directions set forth in the 2008 National Mineral Policy and the recommendations...

A Hamburg-based lab, Eurofins, has alleged high levels of pesticide residue in Indian rice, basmati and non basmati. This is likely to start a long-drawn legal battle and for the time being jeopardise around $300m in basmati Exports alone to Europe. The first batch of legal correspondence from the grain traders, a precedent to formal legal action, will be exchanged with the Hamburg-based private testing firm, Eurofins and Dr Speck...

With Europe and Gulf countries, putting in place stringent safety norms for ensuring that pesticide residue in agricultural crops remain below prescribed limits, basmati (aromatic rice) exporters from India have urged the Union agriculture ministry to ensure that farmers use less pesticide. Europe and Gulf nations are main export destinations for Indian basmati rice. In a letter to agriculture ministry, Vijay Setia, president, All India Rice Exporters’ Association has said that some...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...