In an address to the Berlin Agriculture Ministers meeting last month, World Trade Organisation (WTO) Director General Pascal Lamy said export restrictions are a prime cause of recent surges in global food prices, and countries should find other ways of securing domestic supplies (“WTO chief: Alternatives to food export curbs needed”, Business Standard, January 23). Though export restrictions are an important contributor to rising food prices, they are by no...

Buoyed by its success in increasing pulses production in India through effective implementation of National Food Security Mission (NFSM), the government is likely to bring production of millet and fodder under the mission’s ambit in the forthcoming Budget. The programme which will be on the lines of accelerated pulses production programme (A3P) is expected to be operationalised in the next one year. Officials said this programme, which would be part of NFSM...

The Naveen Patnaik Government has made a major course correction in its populist scheme.   The rice Rs. 2-a-kg scheme would no longer include a privilege section - the above poverty line (APL) families in the backward KBK region. The privilege section enjoying the largesse included income tax payers, members of royal families, ministers, MPs, MLAs, government officials and big businessmen. Though belated, the decision will save about Rs. 34 crore to the...

Indian Home Minister Palaniappan Chidambaram is the nation's domestic security chief, overseeing a broad portfolio that includes battling a homegrown Maoist insurgency and routing out terrorists. The 65-year-old, a veteran of the ruling Congress Party who previously held senior economic posts and played a key role in the country's post-1991 liberalization, is considered a future contender for the post of prime minister. Recently, he spoke to The Wall Street Journal. Here...

An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....