At a point in time where not just India, but the entire world is grappling with the issue of food shortage and escalating food prices, especially owing to the worst drought that has recently hit China (affecting eight major wheat-growing provinces that account for around 80 per cent of the country’s total wheat output), and at a point in time wherein black money and corruption have taken up gigantic proportions, the least that was expected of our honourable Finance Minister was a few bold steps to arrest both the issues. To tackle the impending food crisis, most governments across the world are planning and drafting policies to control the expected food shortage and the anticipated food price hike. West Asian countries are stocking up grains, while countries like Iraq have already placed orders for 400,000 tonnes of wheat grain from the US. Following the trend, even Jordan, Lebanon, Algeria, Tunisia and Saudi Arabia are exporting grains and Russia has even announced a complete ban on food grain exports. In this light, whatever our Finance Minister announced in his Union Budget 2011-12 had no meat with respect to restoration of food grain stock; neither was any attempt made to address the expected inflation that may creep in within the next few months........................
Originally posted at :http://www.arindamchaudhuri.com/india-today-tomorrow/11-march.html
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Originally posted at :http://www.arindamchaudhuri.com/india-today-tomorrow/11-march.html
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