Even as the issue of price rise takes centrestage in Parliament, the government’s attempt to offload wheat in the open market has found few takers among small traders. The reason: the price of wheat fixed by the Food Corporation of India (FCI) for small traders is higher than the prevailing wholesale prices at major centres across the country. In June, the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab...

Draft report claims investor interest is focussed on countries with weak land governance. A leaked World Bank report into investors from rich nations buying up African farmland has intensified campaigners' fears that the growing trend is marginalising local producers. After a spate of investments in African land by sovereign wealth funds looking for gains on rising commodity prices and by countries such as China worried about their own food security, the World...

Orissa government to save Rs 40 crore by cancelling them THE Orissa government has cancelled over 88,000 bogus ration cards detected during a two-and-a-half-month drive by the state’s food supplies department. Sources said more than 68,000 of the ghost cards detected in 27 of Orissa’s 30 districts between November 2009 and January this year belonged to the Below Poverty Line (BPL) category; 9,877 such cards were under the Antyodyaya scheme aimed to...

After nearly 15 straight months of double-digit food inflation, the government announced on Thursday that food inflation had dipped to 9.67% for the week that ended on July 17. That's small consolation for most Indians, particularly the poor, who have seen a relentless assault on their food budgets that has resulted in essential items being dropped from the menu, giving rise to a whole new enforced "austerity diet". Since no...

Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...