Even as the issue of price rise takes centrestage in Parliament, the government’s attempt to offload wheat in the open market has found few takers among small traders. The reason: the price of wheat fixed by the Food Corporation of India (FCI) for small traders is higher than the prevailing wholesale prices at major centres across the country. In June, the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab...

The Seed Bill continues to remain stuck in controversy with state governments as well as farmer groups not happy with the current shape of the legislation that the agriculture ministry is keen to introduce in the ongoing monsoon session of Parliament. The issue of compensation for farmers in case of failure of seeds and regulation of seed prices has been raised by MPs as well as civil society groups. While...

About five years after Sonia Gandhi raised a red flag on the Seeds Bill, 2004, on the grounds of “a growing perception” that it was “anti-farmer”, the Agriculture Ministry is preparing to introduce an amended version in the current session of Parliament. However, the Seeds Bill, 2010, reportedly also falls short of Congress’ expectations, and it has joined the Left and farmers’ organisations in demanding more changes in it. Leading the opposition...

Draft report claims investor interest is focussed on countries with weak land governance. A leaked World Bank report into investors from rich nations buying up African farmland has intensified campaigners' fears that the growing trend is marginalising local producers. After a spate of investments in African land by sovereign wealth funds looking for gains on rising commodity prices and by countries such as China worried about their own food security, the World...

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...