-The Business Standard Finance Minister Pranab Mukherjee explained the government’s helplessness over inflation in the Rajya Sabha with great eloquence on Thursday. Much of what he said may have solid economic fundamentals, but the United Progressive Alliance (UPA) government cannot claim helplessness forever — not when the signs of the cracks it is creating in India’s rural prosperity are becoming so obvious. If any one thing that has protected the Indian...
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Markers and Supermarkets by Sukanta Chaudhuri
Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...
More »CAG Vinod Rai to head UN audit panel
-The Times of India The Centre has been critical of the Comptroller and Auditor General (CAG) for taking out a series of adverse findings on government policies, but the contribution of the apex auditor seems to have been recognized by the United Nations which has appointed CAG Vinod Rai as chairman of its panel of external auditor. Rai as chairman will oversee the audit of the International Atomic Energy Agency (IAEA), besides...
More »Food Ministry moves cabinet note on National Food Security Bill
-PTI The Food Ministry has moved a Cabinet note on the National Food Security Bill which aims to provide legal entitlement to subsidised foodgrains to two- third of the country's population, sources said. The proposed bill, which would cost the government exchequer Rs 94,973 crore a year in subsidies, may be taken up for the Cabinet discussion soon as the Centre is keen on introducing it in the ongoing session of...
More »UN official underlines link between food security and climate change
-The United Nations Ensuring global food security while striving to save the Planet from damage are the greatest challenges of this century, a senior United Nations official said today, stressing the need to enable smallholder farmers to become more resilient to climate change and to produce more food in ways that are environmentally sustainable. “There is no trade-off between feeding people and saving our Planet,” said Kanayo F. Nwanze, the President of...
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