-The Hindu Business Line Edible oil, sugar prices drop sharply as rainfall deficit shrinks to 19% Mumbai: With the monsoon deficit shrinking and the Government keen to crack down on hoarders, prices of most essential commodities such as edible oil, sugar and wheat are showing signs of softening in the wholesale market. After a lacklustre start, the South-West monsoon has recovered since mid-July. The rainfall deficit has shrunk to 19 per cent currently.....

-The Times of India In a sternly-worded letter dashed off to the Reserve Bank of India (RBI), the Andhra Pradesh government has urged the institution to not underestimate the distressful conditions prevailing in the state for the past three years, which has forced as many as 6,792 farmers to commit suicide. The nine-page letter dated July 25, countering RBI's argument about AP reporting no cases of acute concern among farmers, has been...

-The Business Standard Do not roll back crucial food procurement reform Food Minister Ram Vilas Paswan, in an interview to this newspaper, has said that his ministry has not come to any "firm conclusion" on his directive to states about procurement. The Centre had told states to stop offering a bonus on top of the Centre's minimum support prices (MSPs) for wheat and rice, and to limit their procurement to match the...

-The Asian Age Three common arguments are advanced to the citizens of India as justifying the need for genetically modified crops. None of these owe their intellectual genesis to the present NDA government (which is employing them nonetheless), and can be found as theses in both UPA2 and UPA1. They are: Genetically engineered seed and crop are necessary in order that India find lasting food security; that good science and particularly...

-The Hindu Business Line The Rangarajan panel has added to the confusion. Let's have one final committee to set things right There is constant confusion in India over BPL (below poverty line) figures proffered by different agencies. The latest is the debate over the Rangarajan Committee's estimates, as against the assessment of the Tendulkar Committee. The difference in their estimates is due to variation in the parameters adopted. In other words, the definition...