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Diluting the Right to Food by CP Chandrasekhar

The promise made by UPA II that it will ensure food security for Indians through legislation that guarantees the Right to Food seems, in its view, to have been an error. In a multi-stage process that reflects the pulls and pressures within the policy-making elite, the food security bill has been diluted so much that it marks a reversal rather than an advance compared to the status quo. Let us...

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Rampant speculations in commodity mkts hit poor nations:UNCTAD

The United Nations Conference on Trade and Development (UNCTAD) today cautioned on rampant speculations in the global commodity markets which is fuelling unprecedented price hikes around the world, with worst effects on poor countries such as India. "Financial speculation in global commodities trade is a source for concern as it contributed to steep price hikes," UNCTAD's Secretary General Supachai Panitchpakdi said on the sidelines of a special meeting convened by UNCTAD...

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Urgent steps needed to curb rising food and other commodity prices, UN warns

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...

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food security bill is ready: K.V. Thomas

Tipped as the flagship programme of the second United Progressive Alliance (UPA) government, the proposed food security bill is ready, union minister K.V. Thomas said Saturday. Thomas, who recently was given independent charge of the consumer affairs, food and public distribution ministry, told reporters here that his department was ready with the path-breaking food security bill. 'Early next month, it will be taken up for discussion by the National Advisory Committee and...

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Neoliberal illogic by Prabhat Patnaik

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

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