While global food prices declined for the first half of this year, they have spiked in recent months, according to a new World Bank publication, and this volatility could in turn push up the local food prices of the world's poorest and most malnourished countries. The Bank's grain price index had declined by 16 percent over the first six months of 2010 before rising that same amount between mid-June and August....
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Keynes-Hayek dilemma by KP Prabhakaran Nair
With more than 400 million Indians going to bed hungry each day, food security has become a crucial issue. On June 4 last year, the president made an announcement: “My government proposes to enact a new law — the National Food Security Act — that will provide statutory basis for a framework which assures food security for all. Every family below the poverty line in rural as well as urban...
More »Caste, a double-edged sword by Nilotpal Basu
It is about capitalism and hierarchy The government has now reached a final conclusion on the raging controversy over the caste-based census in the country. In order to reconcile with the contending positions, the government has decided to conduct a separate stand-alone exercise of a parallel house-to-house enumeration of the caste affiliations of households. It is not yet clear as to whether the results and the data of the census proper...
More »My data versus yours by MK Venu
It’s been often asked why our officialdom, with all the intellectual capital at its command, is unable to quantify the number of the really poor in India. Is this such a difficult thing to do? It is all the more baffling because in recent times, the debate on India’s poverty has only further confounded ordinary citizens. The Planning Commission had come up with an assumed deprivation ratio of 27.5 per...
More »Changing crop pattern must to rein in prices
Food inflation will defy government policies to remain in high single-digit levels in the long run, unless there is a change in an overwhelming bias among farmers towards staples such as wheat and rice, say economists and policymakers. A steady growth in population and rapidly rising income levels are adding to inflationary pressure at a time when agricultural productivity is showing a decline. A major reason is that the agriculture...
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