The Planning Commission has offered an objective assessment of the unsatisfactory situation as far as Indian agriculture is concerned in its mid-term appraisal of the 11th Five-Year Plan. The commission has done well to remind us that the farm sector is still subject to strangulating controls that dissuade private investment in key areas, including logistics and storage. The government’s agricultural pricing policies, which have rendered minimum support prices (MSPs) the...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

The proposed Food Security Bill should adopt a three-pronged strategy that constitutes a Universal Public Distribution System for all, low-cost foodgrains to the needy, and convergence in the delivery of nutrition safety net programmes.  In his latest budget speech, Finance Minister Pranab Mukherjee announced: “We are now ready with the draft Food Security Bill which will be placed in the public domain very soon.” Although no official draft has been...

The well-intentioned food security Bill, cleared by the empowered group of ministers (EGoM) and now awaiting Cabinet approval, continues to raise issues that have not been fully resolved. Apart from the fact that it falls short of the Congress party’s election promise of guaranteeing nutritional security for the poor, it is still not clear how the government intends to mobilise the food stocks required to implement such a Bill across...

I want you to consider some well-known, oft-repeated facts: * About half of India’s children are malnourished, a record poorer than the world’s poorest area, sub-Saharan Africa. * India is home to a quarter of the world’s hungry — about 230 million people — according to the World Food Programme. * India is the world’s second-largest grower of rice and wheat, and more than 50 million tonnes of foodgrains lie in...