As food and civil supplies minister in the previous SP regime, Raja Bhaiya swindled Rs 100 crore from the PDS. As he presides over the food ministry once again, Ashish Khetan exposes the shocking loot A LITTLE MORE than a month ago, Akhilesh Yadav, chief minister of Uttar Pradesh, earned a landslide victory on the idea of hope: Ummeed ki cycle. He had promised clean governance and a corruption-free government. When...

-The Business Standard   Too much grain, and no way to distribute it In about a month from now, the country’s ever-bulging foodgrain stockpile will bloat further to over 75 million tonnes, a record amount. This will be nearly two-and-a-half times the stipulated maximum food buffer. Worse, it will outstrip the available warehousing capacity (covered and open) of 63 million tonnes by a wide margin. Even today, a good part of the present...

The time has come for optimal pricing of water and power to prevent an unlimited pumping of groundwater and aid better coordination amongst competing demands for the scarce resource, Prime Minister Manmohan Singh said here on Tuesday. Dr. Singh's observations come at a time when there is a debate on the pricing of water and privatisation of services in the sector. The Ministry of Water Resources is working on a reforms-oriented...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

-PTI The Agriculture Ministry is likely to revise upwards the country's cotton production estimate by 3.5 per cent to a record 35.2 million bales for the current marketing year, a government official said.  The ministry releases four advance estimates at different stages of crop growth. In its second advance estimate, cotton production was pegged at 34 million bales for the ongoing 2011-12 marketing year ending September.  "The cotton production has slightly improved and...