The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...

The special meeting of Chief Ministers convened by the Centre indicates that food price inflation remains worrisome. But at the meet the problem was underplayed and little of substance emerged.  With food price inflation still running at close to 18 per cent, the UPA government at the Centre has been forced to recognise that it constitutes a problem that deserves as much or more attention than the objective of achieving...

Another food crisis? This time it’s not shortages but prices—a plain failure of responsive policy and execution. Zooming food prices are raising political temperatures yet again. The rumblings, for once, are not merely restricted to the opposition parties, but evident within the ruling coalition as well. Though attacks from across the political spectrum have become a bit subdued of late, the target remains Union agriculture and food minister Sharad Pawar. And...

The high prices of essential commodities are expected to decline by the end of the rabi season in the next two months, Vijay Shankar Vyas, member of the Prime Minister’s Economic Advisory Council, said here on Tuesday. “Food inflation would come down by March-April as we are expecting a good rabi production this year,” Dr. Vyas told journalists on the sidelines of the launch of a publication on agriculture, Millions Fed,...

Thrissur: Union Agriculture Minister Sharad Pawar said on Sunday that the import of edible oils would continue as there was a huge oil deficit in the market. Speaking to journalists after launching a coconut replanting and rejuvenation project at the Kerala Agricultural University, he said there was a gap of 5 million tonnes between the domestic production of edible oils and demand. “Imports will continue until domestic production is up. To offset...