.......Inflation cannot be reined in by a well-intentioned finance minister like Arun Jaitley or RBI governor Raghuram Rajan. Of course, prudent fiscal and monetary policies are important. But we have to fix the fundamentals first. If there's a glut in the farm market, especially in perishables, then prices crash. This happens the world over, and even in the West farmers need subsidies. In India, when there's a surplus, farm produce simply rots. There's no seamless supply chain of logistics and cold storage, to carry it from the farm to shop shelves and super-markets. There is little capability to........
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