The Planning Commission has offered an objective assessment of the unsatisfactory situation as far as Indian agriculture is concerned in its mid-term appraisal of the 11th Five-Year Plan. The commission has done well to remind us that the farm sector is still subject to strangulating controls that dissuade private investment in key areas, including logistics and storage. The government’s agricultural pricing policies, which have rendered minimum support prices (MSPs) the...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

I want you to consider some well-known, oft-repeated facts: * About half of India’s children are malnourished, a record poorer than the world’s poorest area, sub-Saharan Africa. * India is home to a quarter of the world’s hungry — about 230 million people — according to the World Food Programme. * India is the world’s second-largest grower of rice and wheat, and more than 50 million tonnes of foodgrains lie in...

The central vigilance committee led by retired Justice D. P. Wadhwa, which was established by the Supreme Court of India to monitor its orders in the PIL on the right to food, has come out with a strong indictment of the public distribution system (PDS). Based on State-level reports for Delhi, Orissa, Bihar, Jharkhand, Uttarakhand, Rajasthan, Gujarat, and Karnataka, the committee has identified widespread corruption at different levels of the...

An empowered ministers' panel meeting tomorrow is likely to take some decisions to tackle price rise and finalise the draft Food Security Bill, which seeks to give the poor the right to get rice and wheat at Rs 3 per kg. The empowered group of ministers, headed by Finance Minister Pranab Mukherjee, is scheduled to review the minimum export price (MEP) for Basmati. In the face of high food inflation, the...