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...

A common incidence of rotting food grains has been reported in India and the Philippines even as millions are starving. The problem has to be tackled with dexterity at both the domestic and regional levels to curb this alarming wastage of food that contributes to food insecurity at large. RECENT NEWS reports from the Philippines and India interestingly surfaced with one common problem -- rotting food grains in both countries, even...

Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...

The state government has decided to ask private schools to furnish details of their accounts to stop them from indiscriminately hiking fees. Although all private schools will be required to reveal the data, the government’s focus is on English-medium Institutions as they have been frequently accused of raising fees arbitrarily. The state education department will soon send a circular to nearly 500 private English-medium schools — both unaided and partially aided (those...

“If countries impose export ban, import duty, there will be an inflationary trend” The outlook for global wheat production is still positive Restrictions can cause inflationary trend on food prices in 2011 and 2012 The drought in Russia and the floods in Pakistan that have affected wheat production will impact food prices as in 2007-08, says a senior official of the World Food Programme. WFP Deputy Executive Director Ramiro Lopes da Silva says: “The...