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Poor turning poorer as food prices zoom

-One World South Asia South Asia’s households fall into poverty as the result of higher food prices as food prices increase. According to the latest Food Price Watch, global food prices increased 10% between June and July 2012 with staples such as Wheat increasing 25% in the period. The crisis continued affecting food and nutrition security throughout South Asia. Bad weather, trade curbs, oil prices and bio-fuel diversions have all led to...

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Did govt jump gun on cash transfers?-Sidhartha

-The Economic Times The government's ambitious plan for direct cash transfer of subsidies is facing implementation hurdles even as Prime Minister Manmohan Singh on Monday set a January 1 deadline to roll out the scheme in 51 districts. While the PM's announcement was a formality, the petroleum ministry has pointed out that once the Cabinet approves the new mechanism on oil and LPG subsidies, it will take 11 months for a rollout. This...

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The right alternative -Ridhima Gupta and E Somanathan

-The Hindustan Times The smog that nearly choked Delhi in November was caused due to the burning of post-harvest rice stalks in Punjab, Haryana, and western Uttar Pradesh. Every year, rice is harvested using combine harvesters, which leaves a residue in the field. Earlier, harvesting was done by hand and the people who worked on the fields would take out the stalks and use them as food for animals. This practice is...

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Farm trade paints an optimistic picture of the economy-Ashok Gulati and Surbhi Jain

-The Economic Times It has never happened since Independence. May be not even in the last 1,000 years what happened during October 2011-September 2012. India exported 10 million tonnes of rice, valued at around $6 billion, becoming the largest exporter of rice, replacing Thailand and Vietnam, generally the two largest exporters of rice. This is now known to many in rice circles. But what is little known is that in 2011-12, India also emerged...

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Sell excess Wheat, share profit with farmers, says CACP

-The Economic Times The government should liquidate Wheat stocks through exports and sales in the open market and share the proceeds with farmers to raise their income levels, a government panel suggested. In its latest report to the agriculture ministry, the Commission for Agricultural Costs and Prices (CACP), which recommends a minimum support price (MSP) for agriculture crops, is said to have maintained that there is no reason to lift the...

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