It is estimated that food grain worth Rs 60,000 crore have been left to rot. Who is responsible? This figure is highly exaggerated. According to a study by the agriculture ministry, only 0.004 percent of stored food grain are rotten. There were 11,708 tonnes of damaged and non-issuable food grain in Food Corporation of India (FCI) depots. However, the whole lot hasn’t become spoilt. This quantity has become non-issuable to...

Today, the Supreme Court of India will hear arguments in what is emerging as a national disgrace: One of the world’s largest stockpiles of foodgrain going to rot and rodent because the government lacks the vision, ability and commitment to either store it properly or distribute it to the poor. Let me recap what I reported on the front-page of this paper last month: About a third of India’s grain reserves,...

“Consider increasing quantum of food supply to BPL population” ‘Consider opening fair price shops for all the 30 days in a month' A Bench passed the order, taking on record affidavit filed by Centre To deal with the problem of foodgrains rotting in godowns, the Supreme Court on Thursday asked the Centre to consider distributing them at “very low cost” or “no cost” as a short term measure. A Bench of Justices Dalveer Bhandari...

Their ongoing negotiations remain shrouded in secrecy, but there are already reports that India and the European Union (EU) will have a free-trade agreement ready by the end of August, and that they will be putting signatures to it before the end of 2010. Yet it is a potential development that is causing more nervous chatter than joyous jitters here in India, where drug manufacturers in particular have raised concerns over...

Global fertiliser prices have started to hot up once again, in anticipation of tight supplies in 2010-11 and some significant mergers and acquisitions, which could increase the import bill for India and also make key soil nutrients expensive. In just the latter half of July, prices of key phosphatic fertilisers, urea, DAP, phosphate and potash have shot up in a marked manner. Between July 16 and July 29, phosphate prices...