-The Economic Times The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action. With food demand rising in step with the growing...
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After foodgrain, UPA plans to subsidise edible oil and pulses -Madhvi Sally
-The Economic Times NEW DELHI: After the ambitious food security law, the UPA government is preparing another populist scheme to expand the supply of subsidised edible oil and pulses through the countrywide network of ration shops in the next two to three months. "It will be the next major thing. We are working at the earliest. We propose that state governments purchase pulses and edible oil either through imports or locally. We...
More »How to reduce our rotting mountains of grain
-The Economic Times India's GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure - reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural...
More »Mutant wheat found growing in US fallow field -Suvodh Varma
-The Times of India A patch of wheat found growing in fallow field in Oregon, USA, has sent tremors across the world with some East Asian countries cancelling wheat import orders from the US, and the 27 member European Union to raise testing levels for US imports. The reason is that the wheat patch was found to be a genetically modified variety developed and tested by biotech giant Monsanto between 1999 and...
More »Why the food security Bill will not boost foodgrain consumption for the poor -Arvind Panagariya
-The Times of India So much has already been written on the food security Bill that there would seem to be no justification for another column on it. Yet, a recent look at some consumption data has convinced me otherwise. How the food security Bill impacts people's lives ultimately depends on the effect it will have on the consumption basket of the beneficiaries. If you believe in serious analysis over flag waving,...
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