Revising the Agriculture Produce Market Committee Act ( APMC Act), encouraging competition among traders and promoting efficiency in retailing are some of the steps needed to calm food inflation. These views were discussed in the second meeting of a interministerial group appointed by Prime Minister Manmohan Singh to review the inflation situation and suggest corrective measures, according to a statement issued by the finance ministry. Kishore Biyani, chairman of retail major...

An inter-ministerial group set up by the government to keep a watch on inflation and suggest measures has reiterated the need to revise the mandi law that prevents competition among buyers for farm produce. The group headed by chief economic advisor Kaushik Basu said the Agricultural Produce Marketing Committee (APMC) Act needed to be revised to encourage competition among traders and promote efficiency in retailing. Kishore Biyani , Chairman, Future Group...

The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...

The Budget season is in full swing and allocations for various sectors being hotly debated upon both by policy makers and the public at large. What is important to remind ourselves, is that where this will lead this country of over one billion, facing challenges of balancing economic growth with social justice and equity. Food Security has moved from an issue of the poor and hungry and those who advocate their cause...

Given the vulnerability of Indian agriculture to climate change, the countrys food security is threatened by global warming. The Union agriculture ministry is right, therefore, to warn of a possible foodgrain deficit, of as much as 20 million tonne by the end of this decade if measures are not taken to combat the impact of global warming on food production. It has also reportedly asked for an additional budgetary support...