The Supreme Court verdict cancelling all the 122 telecom licences that jailed former telecom minister A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to Rs 75,000 crore. The revenue raised from the fresh auction of spectrum freed up after last week's SC ruling will come as a welcome relief for the government that has been struggling...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

The battle to provide Food Security took an interesting turn after the apex court vested itself with a supervisory role in the ongoing computerization of the public distribution system (PDS), currently behind schedule. Accordingly, it directed the topmost bureaucrat in the food ministry—food secretary Bhushan Chander Gupta—to not only monitor the PDS computerization, but also submit monthly updates to the Supreme Court. The court was hearing the long-standing public interest case on...

If the malnourished in India formed a country, it would be the world's fifth largest — almost the size of Indonesia. According to Food and Agriculture Organisation (FAO), 237.7 million Indians are currently undernourished (up from 224.6 million in 2008). And it is far worse if we use the minimal calorie intake norms accepted officially in India. By those counts (2200 rural/2100 urban), the number of Indians who cannot afford...

-The Business Standard   The agriculture minister is right about Food Security Among the large number of disparagers of the government’s proposed Food Security law, Agriculture Minister Sharad Pawar has been the most relentless, and also among the most outspoken. His latest salvo, expressing misgivings about its smooth implementation without investing more on boosting food production, is as relevant as the objections he had raised earlier concerning its impact on the already fragile...