The centre has asked the states to strengthen their public distribution systems (PDS) to minimise the impact of high inflation on the poor, Finance Minister Pranab Mukherjee said here Monday. 'The central government has requested the states to strengthen their public distribution systems to ensure that the vulnerable groups of the society are not adversely affected by the current level of inflation,' Mukherjee said at the second annual conference of finance...

India has missed a historic opportunity to abolish hunger through a universal public distribution system (PDS), which entitles all citizens to affordable food. The National Advisory Council (NAC), a progressive body established by the United Progressive Alliance, was to draft such a law, but has recommended a Bill which greatly reduces the public's entitlements. This is a setback. India's annual per capita cereal consumption has fallen to 174 kg, lower than...

The new rabi grain pricing policy seems to have been influenced more by macro-concerns about food inflation management rather than any considerations relating to food production planning. The marginal increase in minimum support prices (MSPs) of most rabi crops, barring pulses, is understandable given the government’s focus on inflation reduction and the fact that this marginal increase comes on top of earlier hikes of a decent magnitude. Moreover, there are...

Never mind wishful thinking by the government and RBI. Food will never be cheaper than what it is today. Not this year. Or in future. The reason is simple. Growing food in India has become extremely expensive. Crops are pricier even before they reach the market and face the pulls and tugs of rising local demand and exports. The farmer’s single biggest cost now is labour. Farm labour wages have doubled...

A meticulous study of the agrarian relations in three villages. ONE of our senior sociologists once drew my attention to the distinction between economics and other social sciences. Other social sciences – sociology and anthropology, for instance – he said, pay a great deal of attention to gathering primary data and interpreting them, whereas economics relies on secondary data for its analysis. This is, to a large extent, a fair...