Indicating a new-found determination to stay the course on politically sensitive reform measures, Prime Minister Manmohan Singh not only defended the recent decontrol of petrol prices but also said diesel rates would also be freed of government control. In comments while returning from the G20 summit in Toronto, the PM seemed to be in an assertive mood despite the Opposition calling a bandh to protest fuel price hikes. "The fact...

Furious debates among policymakers about the proposed national Food Security law largely revolve around its financial repercussions. The Planning Commission is finally coming around to accepting the Tendulkar Committee’s estimates of 37.2 per cent BPL population or 8.5 crore BPL households. The fiscal burden in implementing the Food Security law for 37.5 per cent BPL population, with each household being provided 35 kg food grains, is estimated to be Rs...

India has been lauded for its remarkable overall economic growth of over 8% over the last five years. But despite this high and relatively stable growth, India's underbelly is soft. The agriculture sector is performing below expectations, with growth rate of around 2.8%, it is way below the Eleventh Plan target of 4%. The Food and Agricultural Organisation (FAO) estimates that 22% of India's population is undernourished. Child malnutrition is...

Even as the Centre is redrafting the Food Security Bill to ensure availability of food for all, nearly 30 lakh tonnes of paddy — the rice from which could feed around 4 lakh people for a month — have been left to rot in Punjab, with the Food Corporation of India (FCI) refusing to lift the stock. This particular variety of paddy, PAU 201, was developed by Punjab Agricultural University, and...

Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred  The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...