With the inflation rate of pulses still in double digits for more than a year, the government today said the supply of pulses would remain a critical problem for another two to three years. The government is expecting an increase of two million tonnes (mt) in production of pulses in the current crop year (July 2010-June 2011). “So far as pulses are concerned, it is going to be a critical problem not...

Indian Railways has come to Food Corporation of India’s (FCI) rescue in flood-hit Punjab and Haryana, where part of its foodgrain stocks have been rotting due to heavy rains. The national transporter has given a discount of 35% to the public sector food procurer to carry grains from northern India to other parts of the country. The railways also expects to boost its own revenue by transporting a large volume of...

Hopes of an early respite from mounting price pressures have been belied by inflation numbers released on Wednesday. The wholesale price index for June 2010 is up 10.55% against a rise of 10.16% in May. Worse, the number for April has been revised up from 9.59% to a 19-month high of 11.23%. If the same order of revision continues , the June number could well cross 12%, a dangerously high...

On Wednesday, the National Advisory Council turned UPA's election promises into firm deliverables under the National Food Security Bill. That was a tough one to resolve itself. But it's a job half done as yet. The Sonia Gandhi-led NAC is now going to get into a much more difficult arena. It has to figure out provisions for the act that hold administration and bureaucracy accountable for delivery and also ensure...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...