For quite some time now and more specifically here, I have been talking about how aggressive procurement of foodgrain by the govenrment has been impacting overall food inflation. India's buffer foodgrain stock is more thna doubnle what is required. This allows the hoarders to have free run whenever there's sign of stress, like the rcent instance of drough tlike condition in India. Failure of the govenrment machinery to come to the rescue is quite palpable. Todays report by the Times of India echoes this view.
I have been an avid blogger. However, regulatory requirements, post my new assignment, has resulted in me taking a break. Wait till I am back.