Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether. “Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,” Mr Mukherjee said at a coal summit on...

Soon, the National Food Security Act  will become law. The ruling United Progressive Alliance flagship social security programme of providing every Below the Poverty Line (BPL) family with 25 kg of rice or wheat at Rs 3 per kg per month is a welcome step to alleviate some of the human trauma that haunts the poor in our country. The government also hopes that the Act will secure freedom from...

Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...

The Centre has asked Food Corporation of India (FCI) to procure PAU-201 paddy that conforms with its specifications and dispose of the rest in the open market through tenders. A decision on whether the PAU-201 paddy variety is fit for human consumption was raised at a high-level meeting between Agriculture Minister Sharad Pawar and Health Minister Ghulam Nabi Azad, recently. FCI officials in Punjab are giving final touches to the modalities to...

A committee set up by the government has suggested freeing the prices of urea and inclusion of the fertiliser in the new nutrient-based subsidy scheme to discourage its excessive use, stem soil degradation and reduce government subsidy. The panel, led by former agriculture secretary T Nanda Kumar, also recommended a “comparatively higher level” of subsidy for critical nutrients like sulphur, zinc and boron to make them affordable to farmers.   The nutrient-based subsidy...