India should look at Latin American countries to keep its food security intact. With little or no investment in the agriculture sector,it is estimated that 45% of Indian farmers want to quit farming—supply-side constraints have been a major causeforconcern. Add to that rapidly falling water tables in North India – India’s bread basket, and erratic monsoons from climate change leading to domestic food output falling short of demand, repeatedlyinthefuture. Talking...

IF DISRUPTIONS over phone tapping and the India Premier League controversy had not taken Parliament sessions hostage, the Rajya Sabha may have passed the controversial Seeds Bill in the week of April 26, when it was slated to come up for discussion. The government was keen to give this Bill the force of law as soon as possible because the seed industry wants it. The Seeds Bill originally proposed in 2004...

The earnings of India’s rural households increased by 45% in two years, thanks to the Union government’s flagship job guarantee scheme, says the rural development ministry, which oversees the scheme. The ministry says the figures are based on an independent study it had commissioned, but experts claim the scheme hasn’t been as successful on the ground as the study suggests. The Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA, promises at...

Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...

SINCE THE RELEASE OF THE ECONOMIC Survey, 2010, in February, much has been discussed — but far less debated — on the issue of substituting India’s public distribution system (PDS) with a food coupon-based targeted subsidy programme to benefit the below-poverty-line (BPL) families. As a leading proponent of this programme, the economic adviser to the finance ministry, Kaushik Basu, has gone on record advocating the use of food coupons declaring...