A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and LIMiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

India grapples with endemic backwardness in over 200 districts while some sectors and sections make global headlines. The Centre on Market Solutions to Poverty's report, Creating Vibrant Public-Private-Panchayat Partnerships for Inclusive Growth through Inclusive Governance explores this paradox by looking at the ground-level realities in local governance through the Panchayati Raj, the issues of agricultural productivity and value addition, and the role that the business sector could play in rural...

Long-term greedy is a term that a Goldman Sachs partner made famous, by way of self-definition . It is as good a description as any of making profits in a sustainable fashion. Lafarge displayed short-term greed when it violated the law in obtaining forest clearance for a LIMestone mining project in Meghalaya’s Khasi hills, to supply raw material for its own cement plant in neighbouring Bangladesh. It described the mining...

After sitting on the proposal for four years, the Planning Commission has approved the union agriculture ministry’s modified national agricultural insurance scheme. More than half a dozen different models of farm insurance have been tried out since the early 1970s but without much success. None of these schemes has been economically viable. We now have one more experiment being launched. No more than a fraction of the country’s over 120...

The decks seem to have been cleared for conducting the census to identify below poverty line (BPL) families with the ministry of rural development deciding to begin the survey next year. In a crucial move, it has allowed the states to suggest criteria for identification to overcome the LIMitations of the “one-size-fits-all” approach. After a meeting on Wednesday with the panel of experts set up by the ministry, it was decided to...