As the nation debates the National Food Security Act (NFSA) and its implications on food security for the country, it is pertinent to pause for a moment and ponder some of the structural reasons for the mismanagement of the food economy of the country. Forget the past or the future or even the present set of policies being pursued. The UPA-II is pushing the nation inexorably towards a regime of...
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Universal PDS only way to beat hunger, tackle price spiral? by Subodh Varma
Galloping food prices have shattered family budgets across the country, with latest inflation data showing that prices rose at nearly 18% in the week ending February 6. Many essentials of Indian kitchens are almost beyond reach; sugar is up by nearly 60%, pulses by 46% and potatoes by 53% over a year. In a country already suffering from chronic malnutrition and low incomes, this trend is a killer. President Pratibha...
More »Whose inflation is it anyway? by Ruhi Kandhari
Government sat on grain stocks while food prices shot up In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...
More »Pawar rules out rice imports by Gargi Parsai
Stocks exceed the buffer norm despite dip in production ‘FCI machinery should be geared up’ The Union government on Wednesday ruled out the likelihood of rice imports on its account, as stocks were more than the buffer norm despite an expected dip in production due to drought in the kharif season. Speaking to journalists on the sidelines of the annual general meeting of the Indian Council of Agriculture Research, Union Agriculture and Food...
More »A fair food deal for all by Arjun Sengupta
The Indian economy is picking up and should be able to expand at eight to nine per cent. It is high time that the government initiates a universal public distribution system covering at least the essential commodities. Incomes of the rich will go up and India will be a major player in the world when it revives. But the bulk of the population, about 70 per cent, will remain poor with...
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