Five farmers committed suicide from the Vidarbha region of Maharastra within the last two days of the month of August, 2009. The farmers who committed suicides belonged to the districts for which special relief package was being announced recently. According to a press note circulated by the Vidarbha People’s Movement Committee, within the last 48 hours of August, farmers were forced to commit suicide as they faced crop failures owing...
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Beyond Borlaug by Barun Roy
What’s more important to a hungry child? Food now, or future environmental worries? I know I’m on sticky ground here, but it would be hypocritical not to ask the question when the world is mourning the death of one person who, literally, helped save millions in the developing world — in our part of it, especially — from hunger. In his lifetime, Norman Borlaug was hailed as the father of...
More »Measuring progress by Jayati Ghosh
A commission set up to look into alternative ways of measuring economic and social progress has added to the existing debate but not made any real advances. FOR some time now it has been clear that standard measurements of growth and development are inadequate and possibly even misleading. The problem of looking at only the aggregate gross domestic product (GDP) has been widely noted: its blindness to distributional issues and...
More »FinMin exhausts 80% funds for foreign travel in two quarters
Even as the finance minister recently stepped in to issue an advisory to curtail unnecessary expenditure, it is learnt that the finance ministry has already used up more than 80 per cent or four-fifth of its funds allocated for foreign travel in the first two quarters itself. According to senior government officials, Rs 3.3 crore was allocated to the ministry in the Budget this year for foreign travel with an...
More »Surprisingly good news by Ashok V Desai
India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...
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