It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

-The Hindu   Consumer Protection Act exists since 1986 In the 25th year of enactment of the Consumer Protection Act (COPRA), 1986, in the country, a majority of the population in Rajasthan has not even heard about the law, not to speak of making use of its provisions to protect their rights as consumers. A recent field research survey indicated that 63 per cent of the people in the State have not heard of...

-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

-The Economic Times   The Prime Minister's Office has asked the department of agriculture to focus on ushering in the next phase of reforms by achieving self-sufficiency in key crops and ensuring creation of farm infrastructure. A review meeting of the agriculture sector, chaired by the Prime Minister's principal secretary, TKA Nair, has suggested specific measures to boost production, especially that of oilseeds and pulses, a government official said. The PMO asked...