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Farmers' pie-Sreelatha Menon

The second green revolution found a mention in the Union Budget as a big achievement for the government. But, while paddy production went up manifold in eastern India, did it help its producers? In Finance Minister Pranab Mukherjee’s home state of West Bengal, there was agony everywhere in the last few months, as paddy and potatoes were selling cheap and pauperised cultivators were killing themselves. The government was nowhere to procure...

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Global food prices seen falling as demand growth slows: FAO

-Bloomberg   World food prices will drop this year as increase in unemployment in developing and developed countries slows growth in demand, the United Nations said.   “We have started to see a decline in food prices,” Jose Graziano da Silva, director general of the UN’s Food and Agriculture Organisation, said at a conference in Hanoi on Thursday. World economic expansion will slow to 3.3% this year from 3.8% in 2011, according to the International...

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No green signal yet for the Yuva Kisan by MS Swaminathan

In this year's budget, Union Finance Minister Pranab Mukherjee has essentially tried to consolidate the gains from the initiatives he had launched during the previous two budgets. Thus, in agriculture there is no new initiative except increasing the target for agricultural credit to Rs.5,75,000 crore during 2012-13. This represents an increase of over Rs.1,00,000 crore from last year. The interest rate of four per cent recommended by the National Commission...

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It simply can't fail-Abhijit V Banerjee, Pranab Bardhan, Ashok Kotwal, Milind Murugkar & Bharat Ramaswami

The National Food Security Bill has the potential to make a significant difference to the lives of the poor if properly implemented. However, the Bill in its present form has some easily correctible flaws that could cause huge problems in the future. A couple of simple amendments would greatly simplify the implementation and also allow innovation in the delivery of food subsidy. First, the proposed framework based on three categories of...

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Govt asks states to set up grain procurement infra by Sandip Das

The government has asked states including Uttar Pradesh, West Bengal, Gujarat, Rajasthan and Bihar to set up grain procuring infrastructure to increase lifting from the farmers so that requirement for the proposed food security law could be met. The Food Corporation of India, chairman and managing director, Siraj Hussain said state-level procuring agencies can help in arranging sufficient credit facilities for carrying out grain purchase activities without depending on the Central...

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