The government is planning to come up with a price protection fund to cushion the burden of food subsidy, which is expected to grow manifold under the new Food Security Bill. The proposed fund, under the ministry of food and consumer affairs, is a Budget proposal for 2012-13. Officials said the framework of the fund was at a nascent stage. “Some inferences are being drawn from the recommendation of National Farmers’ Commission...

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...

The government appears to be working towards an amicable solution on the question of who can collect biometric information data for the Indian population. There has been disagreement about whether this will be done by the UIDAI headed by Nandan Nilekani, or the National Population Register headed by Home Minister P. Chidambaram. It now seems that both may continue to collect data but share its use. When any country sets about...

The Supreme Court on Wednesday directed a state-run company to compensate farmers for supplying defective seeds to them. The court rejected the plea of National Seeds Corporation that it was not liable to pay compensation as it was governed by the provisions of the Seeds Act 1966 and not the Consumer Protection Act 1986. A bench comprising Justices GS Singhvi and AK Ganguly said there is nothing in Seeds Act that...

Days after chief minister Kiran Kumar Reddy wished to see every police station in the state work like a corporate office and the complainant received warmly, a Right to Information (RTI) activist on Friday was nearly subjected to the third degree treatment by inspector K Srinivas Rao after he walked into Kukatpally police station, and only timely intervention by higher-ups saved him from being arrested and slapped with false cases....