Being asked to write on Suresh Tendulkar means that the memories of four tumultuous decades crowd in. They are memories of a genuine teacher, a very careful researcher and an obstinately independent western Indian in Delhi. I always thought of him as a very competent and highly trained economist — but also as an obstinately autonomous Maratha in unfamiliar surroundings. In the 1970s, while examining critiques of the draft Fifth Five-Year...
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Food Act won't add to subsidy cost
-The Times of India The proposed Food Security Act may not put additional burden on the government in the current fiscal year as the government can find the resources to fund the plan from the spending outlined for 2011-12 , finance ministry officials said. However, the food subsidy bill could soar to as much as Rs 75,000 crore from the estimated Rs 60,572.98 crore for the 2011-12 fiscal. Finance ministry...
More »NAC sticks to its stand, finalises draft food security bill by Nitin Sethi
The Sonia Gandhi-led National Advisory Council stood its ground on Wednesday and gave the go-ahead to an expansive Food Security Bill. Not relenting to the position the Prime Minister's Office and the Planning Commission had taken against a bill that could lead to a surge in subsidy, the NAC finalized the draft along the lines of the framework it had made public earlier. The government was expected to table its...
More »Retail inflation up for both farm and rural labourers
-The Business Standard Retail price inflation for agricultural and rural labourers rose to 9.63 per cent in May, from 9.11 per cent the previous month, mainly because of a rise in the prices of food, fuel and clothing. Wholesale price inflation for May rose to 9.06 per cent from 8.66 per cent a month earlier and was one of the factors for the Reserve Bank of India to raise the repo...
More »The New Geopolitics of Food by Lester R Brown
From the Middle East to Madagascar, high prices are spawning land grabs and ousting dictators. Welcome to the 21st-century food wars. In the United States, when world wheat prices rise by 75 percent, as they have over the last year, it means the difference between a $2 loaf of bread and a loaf costing maybe $2.10. If, however, you live in New Delhi, those skyrocketing costs really matter: A doubling in...
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