Union minister for consumer affairs, food and public distribution KV Thomas tells Nitin Sethi that it makes better sense to distribute stocked foodgrain to people of the country than subsidise exports. Possible spread of drought that the government is looking at... At the moment, monsoon rainfall is 23% below the long term average. But we have to wait another 15 days to know the full situation. We had discussion in the presence...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

Endosulfan, the pesticide which is widely believed to be responsible for thousands of deaths, diseases and devastation, was able to save its own life largely because of India’s questionable efforts at global forums. The controversial pesticide has been in news for a long time because of its harmful effects on humans, wild life and the environment. Obviously the $100 million industry is going out of the way to defend the...

The outcome of Stockholm Convention to ban endosulfan capping a long-drawn campaign against the pesticide on health grounds may have brought cheers to the opponents but the domestic industry is crying foul suspecting an European link aiming to capture the Indian market. India and a few other developing countries extracted several exemptions, including a phase out period of 11 years to ban production and use of the toxic pesticide at the...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....