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...

Bihar chief minister Nitish Kumar recently alleged that Monsanto, the Union environment ministry’s genetic engineering approval committee (GEAC) and the Indian Council of Agricultural Research (ICAR) had colluded to start trials of genetically modified maize in Bihar before clearance from the environment ministry and the state government. The charge is significant: Nitish says ICAR’s experimental farms in Bihar did not maintain the stipulated “isolation distance” from normal farmland, meant to...

Two key issues Budget-2011 is seen as having failed to address are inflation and mass hunger. Finance Minister Pranab Mukherjee announced in his budget speech that the long-promised National Food Security Bill would be moved in Parliament “during the course of this year” but failed to make any financial allocation to back up this statement. Against the backdrop of fresh warnings by experts that the outlook is grim given the...

Cash transfers cannot and should not replace the public provision of essential goods and services, but rather supplement them. Cash transfers are the latest fad of the international development industry, as the preferred strategy for poverty reduction. And now Indian policymakers are busy catching up. The idea was mooted in the Government's Economic Survey for 2010-11, and the Finance Minister made an explicit announcement in his budget speech for replacing some...

Caught between public outcry and Congress reservations, the government on Tuesday indicated that it was willing to review the Budget proposal to levy a service charge on healthcare costs of individuals. But those opting for medical insurance might have to remain under the ambit of the levy. ''Whether the service tax will be on 25-bed hospitals or whether it will be on all tests is something that can be discussed,'' revenue...