Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...
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On the Recent Poverty Estimates-Himanshu
An unnecessary controversy has been started by the release of the poverty estimates of 2009-10 by the planning commission. The controversy, which was entirely avoidable, was allowed to go on because of the poor handling of the issue by the planning commission. It is unfortunate that the planning commission was less than willing to own the Tendulkar committee report which was submitted in December 2009 and accepted by the commission...
More »Starving in India: The Forgotten Problem-Ashwin Parulkar
-The Wall Street Journal These days, Indian policymakers are debating how to create a vast new food entitlement program. There is talk of poor households struggling to cope with high food prices and malnourishment among their children. What you don’t hear much about, however, is the most tragic and outrageous consequence of India’s failure to feed its people adequately: starvation deaths. India is a nation that prides itself on having been self-sufficient in...
More »Global food prices remain unchanged in March
-PTI World food prices remained almost same in March from their levels in February due to stable prices in most commodities and decline in dairy prices, United Nations' Food and Agriculture Organisation said. "World food prices in March remained virtually unchanged from their February levels," Food and Agriculture Organisation (FAO) said in a statement. Amongst various commodity groups, only oil prices showed strength, compensating for falling dairy quotations, while the indices of cereals,...
More »Food inflation back on agenda as prices rise
-Reuters Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda. Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started...
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