TAMING INDIAN FOOD INFLATION--DR. ASHOK GULATI-FINANCIAL EXPRESS 19.05.2014
Very intertesting and in depth reading on Indian food inflation by Dr. Ashok Gulati IN FINANCIAL EXPRESS OF 19.05.2014.(reproduced below)
Exports from FCI stockpile are held up also because of unceratinity on WTO compatibility, lack of clarity on Food Security Act and fear of El-Nino.Under Mr. Modi’s Government, the new food Minister and bureaucracy will have to deal with these matters.
Dr Gualti has very boldly brought out issue of Government itself being the biggest hoarder of grains, year after year, triggering inflation and yet remaining unaccounatble.
His use of "low hanging fruit" terminology for mountain of stockpiles for economic benefit is unique and apt.