Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...

Competing for praise and popularity is as common between Ministries as are turf wars. When officers from different Ministries get the rare opportunity to meet and discuss matters of shared concern, they behave like alert soldiers who are expected to fight for every inch of territory. I had an exposure to this phenomenon while working for a Planning Commission sub-committee on vocational education for skill development. Vocational and technical training...

Marginalized groups such as indigenous communities deserve special attention from policy-makers if the world is to achieve the social and economic targets known as the Millennium Development Goals (MDGs), the annual United Nations conference with civil society groups heard today. Speakers told the 63rd UN Department of Public Information (DPI)/Non-Governmental Organization (NGO) Conference in Melbourne, Australia, of the need to overturn entrenched disparities in health and life expectancy between rich...