Signalling its commitment to roll out the Food Security Bill in the next fiscal, finance minister Pranab Mukherjee is likely to announce a token allocation of Rs. 5,000 crore in the forthcoming budget. The funds would primarily be directed at creating and strengthening the institutional arrangement to deliver the massive allotment promised under the scheme. The food security bill is of extreme political importance to the United Progressive Alliance (UPA)...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

After much debate, the Cabinet cleared the food security bill. Will it really ensure food for every Indian? THE Lokpal Bill debate may have ended in a fiasco but 2011 ended on a positive note for the Congress-led UPA government on another count. Its pet project, the National Food Security Bill (NFSB), was cleared by the Union Cabinet and introduced in Parliament. The bill seeks to address widespread hunger in the...

-The Economic Times "We have no power." That's the message from India's most powerful - ministers in the central government's Cabinet - when asked to list the discretionary authority each enjoyed. Only one ministry concedes that it has some discretionary powers, which it is eager to shed.  Prodded by UPA Chairperson Sonia Gandhi, a group of ministers (GoM) has the job of finding the discretionary powers enjoyed by each ministry and prune...

The government has asked states including Uttar Pradesh, West Bengal, Gujarat, Rajasthan and Bihar to set up grain procuring infrastructure to increase lifting from the farmers so that requirement for the proposed food security law could be met. The Food Corporation of India, chairman and managing director, Siraj Hussain said state-level procuring agencies can help in arranging sufficient credit facilities for carrying out grain purchase activities without depending on the Central...