While the government's recent clarification on the policy on foreign investment in wholesale trade is welcome, it needs to be complemented with a policy to empower our farmers to interact with modern, organised retail productively. Organised retail can catalyse a second green revolution in India when farmers become empowered to negotiate prices for their produce with retailers. The industry ministry's recent guidelines for wholesale trade, known as cash and carry,...

Flaws In The PDS… Poor verification norms, over two crore bogus BPL cards Over 1.2 crore BPL families don’t have a ration card No monitoring, resulting in pilferage, gaps in delivery, poor quality foodgrains Poor profit margins a major cause for corruption Lack of information hinders benefits from reaching the poor …and the Solutions Base fair price shops on new business model The Centre takes ‘responsibility’ for delivery in states Make verification...

The draft food security legislation readied for cabinet’s approval is much narrower in scope than what was initially envisaged and, hence, stops short of assuring an entitlement as had been previously pledged. The final draft Bill which has been approved by the empowered group of ministers (eGoM) and reviewed by Mint restricts coverage only to poor citizens, confines it to the supply of 25kg of wheat and rice, does not lock...

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...

A big push to develop agriculture in the poorest countries is needed if the world is to feed itself in future decades, a report warns. With the world's population soaring to nine billion by mid-century, crop yields must rise, say the authors - yet climate change threatens to slash them. Already the number of chronically hungry people is above one billion. The report was prepared for a major conference on farming...