FEW rural pleasures match seeing a golden field of grain, rustling and ripe for reaping. But the harvest season in the northern hemisphere is being marked by turmoil on global wheat markets. A big reason is to be found in one of the world’s largest wheat exporters, Russia. Hit by fires and drought which have wiped out a third of the grain crop, the authorities there have banned exports, first temporarily...

In pushing for a greatly truncated PDS, the Food Security Bill proposed by the NAC, which has many right-to-food activists, undermines the PDS itself. ENSURING food security was the big promise of United Progressive Alliance-2. The promise to enact legislation to ensure a minimum quantity of affordable food to all poor households in the country was part of the election manifesto of the Congress party that leads the government. The 100-day...

A 24-hour nationwide strike called by trade unions has caused major disruption in parts of India. The walkout was felt mostly in Tripura, Kerala and West Bengal states where the ruling Communists backed the action. Called to protest against Price rises and alleged labour law violations, the action caused major disruption to air and road transport in those states. The coal, power, telecom, banking, insurance, defence, port, petroleum and construction sectors joined the...

Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...

Prime Minister Manmohan Singh today said the Supreme Court should not go “into the realm of policymaking”. This was his response at an interaction with newspaper editors here to the recent order by the apex court that the government give food free to the poor. The court’s directive had caused the government some embarrassment but it had been uncertain whether the Centre would legally challenge it. While appearing to be unwilling to...