India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...

Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...

-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

Everyone knows how much food prices have risen in the last few years. Not everyone, however, knows how much costs have spiralled for those who produce the food you and I eat. Data on daily wage rates for agricultural operations, compiled by the Labour Bureau at Shimla, show huge increases to have taken place in most States during 2009 and 2010. Andhra Pradesh, for instance, has seen farm wage rates – the...

While, the threats of a nuclear fall-out, borne out of a tragedy that happened in the Fakushima Nuke Plant in Japan, started a debate about the positives and negatives of nuclear energy. The media completely ignored the protests and the cries that were being carried out (in fact, for the last 10 to 15 years) in Northern Kerala as well as Southern Karnataka to ban the Pesticide Endosulfan. Perhaps, after the...