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 Financial Express   The government today announced discontinuing releasing weekly primary and food inflation data based on the Wholesale Price Index. "Weekly WPI is discontinued henceforth," the Ministry of Commerce and Industry, which releases the inflation data, said. The government, however, will continue releasing the monthly headline or overall inflation data, which also contains the break-up for all segments including food, non-food, fuel and manufactured items. The headline inflation figures for January are scheduled...

-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...

Baishakhi Ghosh sits at the threshold of her home at Kauri village in Bardhaman district with her new-born son, but breaks into tears as her mother feeds her a sweetmeat — part of the rituals of bringing her first grandchild to the home for the first time. Alternating between wailing and consoling each other, the women of the household of Bhootnath Pal, a farmer who was found hanging from the...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...