The Food and Agriculture Organisation has raised the red flag over a potential spike in global prices of sugar and cereals, especially wheat. Although India might just get away thanks to a bumper output this year, it could get caught in the spiralling milk and edible oil prices. In any case, the government has virtually thrown its hands in the air on taming fruit and vegetable prices. But it isn't just...

A thriving black market in kerosene, estimated to be worth Rs 10,000 crore every year, killed additional collector Yeshwant Sonawane. A litre of kerosene sold at ration shops is often costlier than a bottle of packaged water. Most of this "poor man's fuel" is pilfered and sold in the black market for a price that's two or three times higher. It's really money for jam. Sonawane tried to meddle with this...

Organized retail of packed food and raw food reduces prices of food for urban citizens and pays farmers a better price for the agricultural produce. It eliminates middle men and decision making at every other level. This is not rocket science. However, politicians refuse to do away with the WWII public distribution system in order to retain power at the district level. Well, for one thing, the format of the...

This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...

A working group on agriculture constituted by Prime Minister Manmohan Singh has suggested that the government provide farm loans to farmers at four per cent interest rate, raise the minimum support price (MSP) for farm produce to 50 per cent higher than the actual cost of cultivation and expand Diesel subsidy scheme across the country.The Working Group on Agriculture Production headed by Haryana Chief Minister Bhupinder Singh Hooda submitted its...