EVERY OTHER day there is either a newspaper report or an editorial comment lamenting the loss of food grain stored in buffer stocks. Agriculture Minister Sharad Pawar, while prophesying a bumper kharif crop, admits he is worried about not having adequate storage for the produce. At a national conference in 2003, the Central Warehousing Corporation said it had covered storage capacity for 48 million tonnes of food grain. In 2002,...
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Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek
Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
More »Does the govt know how to control rising prices? by Subodh Varma
Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...
More »Lessons from America & beyond by Biraj Patnaik
The National Advisory Council, led by UPA chairperson Sonia Gandhi, has come up with the muchawaited contours of the National Food Security Act. The NFSA, it is hoped, will become India’s flagship programme for tackling hunger and malnutrition, equal in scale and vision to the ambitious and highly successful Fome Zero Programme launched by President Lula Da Silva in Brazil. The UPA government is also hoping that the NFSA will...
More »Report on Naxal-infested districts soon: Montek
Ahead of the July 24 National Development Council (NDC) meeting, the Planning Commission will come out with a report on the problems in the Naxal-hit areas and the issues being faced by tribals. "We are going circulate a supplementary report on the special problems of the tribal districts. This will also cover those districts which are in the grip of Naxalism," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters in...
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