The Rajya Sabha on Wednesday passed by voice vote the contentious Essential Commodities (Amendment and Validation) Bill, 2009, (sugarcane pricing Bill) after the Central Government assured the House that State governments would not be required to pay the difference of the Fair and Remunerative Price (FRP) for sugarcane set by the Centre and the State Advised Price fixed by the States. On persistent requests by opposition members led by Venkiah...

Unrelenting protests against price rise by a united Opposition forced the adjournment of the Lok Sabha today after MPs accusing the government of inaction disrupted scheduled discussions. MPs from all non-UPA parties, including the Left, BJP, Samajwadi Party, Janata Dal (United), Biju Janata Dal, Akali Dal and the Shiv Sena, started raising slogans against the government in the House. Opposition MPs also marched in front of Parliament House — inside the complex...

There has been no let-up in the rising trend of food prices. For the week that ended on November 28, the wholesale price index for food articles rose 19.05 per cent over the corresponding period last year. A week earlier, it was at 17.47 per cent. Indeed, arresting the price rise of Essential Commodities has been a challenge to the government for quite some time now. Some recent developments have...

India needs to initiate a number of steps to manage the emerging situation.  After three consecutive good years, agricultural production has faltered in the last two years. There was a fall in production to the tune of 1.6 per cent in 2008-2009 compared to the previous year. This year, again, agricultural production is likely to be down by 2 per cent or more. The deceleration in the growth of foodgrain...

Even as reports pour in of a softening of food price futures, the spectre of food price inflation haunts households across the country. But to imagine that the inflation genie can be put back into the bottle through legislative fiat is the height of parliamentary fantasy. The Estimates Committee of the Lok Sabha has recommended just that! It wants new legislation to check price rise of Essential Commodities by capping...