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...

The Uttar Pradesh government today scrapped the project for a township near Aligarh and Chief Minister Mayawati unveiled a new policy for rehabilitation of farmers, saying her “government and party were totally against forceful acquisition of farmers’ land”. Under the new policy, there will be provision of annuity for 33 years to a farmer whose land is acquired. This will be in addition to the compensation for the acquired land. The...

tung by farmers’ protest over land acquisition for the ongoing Yamuna Expressway project in western Uttar Pradesh, the state government today announced a new policy for land acquisition and rehabilitation of land owners. The policy promises sops, including equity share in the development projects, for land owners. Land acquisition hurdles have put brakes on several ambitious projects of the state government, including the Yamuna Expressway, international airport in Kushinagar district and Lucknow...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...