An inter-ministerial group set up by the government to keep a watch on inflation and suggest measures has reiterated the need to revise the mandi law that prevents competition among buyers for farm produce. The group headed by chief economic advisor Kaushik Basu said the Agricultural Produce Marketing Committee (APMC) Act needed to be revised to encourage competition among traders and promote efficiency in retailing. Kishore Biyani , Chairman, Future Group...

Revising the Agriculture Produce Market Committee Act ( APMC Act), encouraging competition among traders and promoting efficiency in retailing are some of the steps needed to calm food inflation. These views were discussed in the second meeting of a interministerial group appointed by Prime Minister Manmohan Singh to review the inflation situation and suggest corrective measures, according to a statement issued by the finance ministry. Kishore Biyani, chairman of retail major...

The government will certainly not indulge in self congratulation for agriculture recording a growth of 5.4 per cent to 232.07 million tonnes in 2010-11 as this is happening on a low production base of 218.11 million tonnes last year when the country experienced the worst south-west monsoon since 1972. In fact, the major concern of the government is farm sector’s niggardly growth of 2.8 per cent in the first four...

I take it you have heard about the blasphemy law and all the uproar it is causing? No, not the one in Pakistan. India now has its own blasphemy law now. It has a narrower focus and it is not rooted in any kind of religiosity, but at the end of the day, it is the exact same as Pakistan's blasphemy law. The government of India has brought forth legislation that...

These are figures the Left Front should be wary of as it prepares to defend its citadel of 34 years in West Bengal. An analysis of data on the Muslim community released by the chief economist of the National Council of Applied Economic Research, Abu Saleh Sheriff, reveals that the state's minority has benefited little from development measures. In terms of human development indices, the Muslims have fared very poorly. Of the...