One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...

-The Times of India   The government is set to accept the Sonia Gandhi-led National Advisory Council's recommendation to cover 75% rural and 50% urban population under a food security law, but wants to keep the percentages outside the language of the Act itself. UPA-2 is inclined to set the percentage of population covered in a notification or schedule accompanying the Act so that it can be revised by executive order...

-Express News Service   Having resisted the export of foodgrain since taking charge in January, Food Minister K V Thomas on Wednesday said that he was not opposed to export of “some quantity of wheat and rice” as there is bumper production in the country. Thomas’s statement holds significance as he has been publicly speaking against foodgrain export, citing the proposed food security law. “Our department is not negative to the idea of...

-The Indian Express   Reeling under the pressure of huge Foodgrain stocks, well above the storage capacity across the country, the government on Thursday decided to send 50 lakh tonnes of grains to the states at much below the minimum support price (MSP), leaving a window open for export at a later date. “We will look into the issue once the Agriculture Minister is back in town,” Finance Minister Pranab Mukherjee is...

-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...