By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
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How to Achieve Food Security by Ashok Gulati
Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...
More »UN-backed treaty meeting seeks to boost conservation of world’s plant varieties
The governing body of a United Nations-backed treaty considered vital for the preservation and use of the world’s threatened plant genetic resources met in Bali, Indonesia, today to map out a future course in the face of food insecurity and climate change. The International Treaty on Plant Genetic Resources for Food and Agriculture, adopted at the Conference of the UN Food and Agriculture Organization (FAO) in 2001 and backed by 127...
More »India needs Rs 1,08,000 crore for food security by Chetan Chauhan
Indian agriculture needs Rs 1,08,000 crore to fight climate change in the next five years to ensure food for all at a reasonable price by 2020. To prevent food catastrophe, the agriculture ministry has asked the funds for implementing National Mission for Sustainable Agriculture under the Prime Minister's National Action Plan on Climate Change. Over 60% of the money will be spent on developing new technologies, crop varieties and new practices...
More »Prof Abhijit Sen, Member, Planning Commission interviewed by Rajesh Bhayani & Sanjeeb Mukherjee
Prof Abhijit Sen, member of the Planning Commission, discusses Budget provisions related to the agriculture sector in an interview with Rajesh Bhayani and Sanjeeb Mukherjee. Sen feels, futures trading in essentials commodities like wheat and rice should not be allowed. According to him, India should follow China in having an agency for procuring commodities from the global market. There seems to a renewed focus in this Budget on ancillary items of...
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