The government’s latest estimates show that foodgrain production in the crop year 2010-11 rose sharply by 10.75% to a record 241.56 million tonnes (mt), a move that could potentially have a dampening effect on inflationary expectations. The impressive increase led by wheat, maize and pulses is revealed in the final estimates for 2010-11, and is partially explained by the fact that 2009-10 was a drought year. The crop year extends from July...

Anna Hazare's campaign against corruption has a curious side-effect. It has turned the spotlight on India's lack of pre-legislative transparency. We may accept or dismiss team Anna's Jan Lokpal draft but his movement — and the subsequent build-up of hope and betrayal — has unwittingly exposed the systemic opaqueness in which our laws are conceived, written, debated and passed. The Lokpal Bill 2011 is one among 67-odd bills listed as...

-The Business Standard   For a country whose cuisine uses so much edible Oil, India’s dependence on imported cooking Oil is as economically debilitating as its dependence on imported energy. Barring a short spell in the late eighties, when the country was nearly self-sufficient in edible Oil production, the bulk of the cooking Oil needs have been met through imports for decades. Even today, domestic Oilseed production does not meet even...

Some of that legendary ‘Banarasi pan' could have begun its journey from Gujjari Mohanty's vineyard in Govindpur, Orissa. “I've sold our leaves in Benares [Varanasi] myself,” says her son Sanatan. As have many of their neighbours. “Our leaves are high-quality and greatly valued.” The betel leaf, though, is not just about pan. It is also valued for medicinal qualities as a digestive, for the antiseptic nature of its Oil, and...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...